Lisa Gimbel Sells 2,863 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 2,863 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $9.89, for a total value of $28,315.07. Following the sale, the chief accounting officer owned 13,677 shares in the company, valued at $135,265.53. The trade was a 17.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PubMatic Stock Performance

Shares of PubMatic stock traded up $0.15 on Tuesday, reaching $10.06. 617,752 shares of the company were exchanged, compared to its average volume of 722,424. The company’s 50-day moving average is $8.97 and its two-hundred day moving average is $8.45. The firm has a market cap of $467.19 million, a price-to-earnings ratio of -26.47 and a beta of 1.54. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.88.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The company had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. As a group, sell-side analysts forecast that PubMatic, Inc. will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price target on shares of PubMatic in a research note on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PubMatic presently has an average rating of “Moderate Buy” and an average price target of $12.88.

Institutional Investors Weigh In On PubMatic

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in PubMatic by 1.4% in the fourth quarter. Barclays PLC now owns 126,189 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,723 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,915 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in PubMatic by 1.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after acquiring an additional 2,654 shares during the period. Diversified Trust Co grew its holdings in PubMatic by 20.8% during the first quarter. Diversified Trust Co now owns 17,564 shares of the company’s stock worth $144,000 after acquiring an additional 3,022 shares during the period. Finally, Quarry LP acquired a new position in PubMatic during the fourth quarter worth about $30,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Company Profile

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.