PubMatic (NASDAQ:PUBM) CEO Sells $430,320.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $9.78, for a total transaction of $430,320.00. Following the transaction, the chief executive officer directly owned 21,206 shares of the company’s stock, valued at $207,394.68. The trade was a 67.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Stock Up 4.6%

NASDAQ PUBM opened at $10.23 on Friday. The stock has a market cap of $484.90 million, a P/E ratio of -33.00 and a beta of 1.54. The company’s 50-day simple moving average is $8.48 and its 200 day simple moving average is $8.34. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $13.88.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The firm had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. Research analysts anticipate that PubMatic, Inc. will post -0.38 earnings per share for the current year.

Institutional Trading of PubMatic

Several large investors have recently made changes to their positions in PUBM. Diversified Investment Strategies LLC increased its stake in shares of PubMatic by 40.0% in the first quarter. Diversified Investment Strategies LLC now owns 140,000 shares of the company’s stock valued at $1,145,000 after buying an additional 40,000 shares in the last quarter. Hsbc Holdings PLC lifted its position in PubMatic by 39.8% during the 1st quarter. Hsbc Holdings PLC now owns 90,319 shares of the company’s stock worth $747,000 after buying an additional 25,729 shares in the last quarter. Cardinal Point Capital Management ULC grew its holdings in PubMatic by 58.9% during the 1st quarter. Cardinal Point Capital Management ULC now owns 71,500 shares of the company’s stock worth $585,000 after acquiring an additional 26,500 shares during the last quarter. Diversified Trust Co grew its holdings in PubMatic by 20.8% during the 1st 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 last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after acquiring an additional 1,915 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on PUBM shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Wolfe Research reiterated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a research note on Monday, January 5th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of PubMatic in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Lake Street Capital raised shares of PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus target price of $12.63.

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.