Insider Selling: PubMatic (NASDAQ:PUBM) General Counsel Sells $78,596.70 in Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 5,758 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total value of $78,596.70. Following the completion of the sale, the general counsel owned 81,331 shares in the company, valued at $1,110,168.15. The trade was a 6.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PubMatic Price Performance

NASDAQ:PUBM traded down $0.03 during trading hours on Monday, reaching $13.52. The company had a trading volume of 433,149 shares, compared to its average volume of 704,710. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.99. The business’s 50 day moving average price is $11.04 and its 200-day moving average price is $9.11. The firm has a market cap of $627.91 million, a PE ratio of -35.58 and a beta of 1.51.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share 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 firm had revenue of $62.57 million during the quarter, compared to analyst estimates of $60.42 million. On average, analysts expect that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PUBM. Royal Bank Of Canada increased their target price on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a report on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price objective on shares of PubMatic in a research report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Institutional Investors Weigh In On PubMatic

Several hedge funds and other institutional investors have recently bought and sold shares of PUBM. Barclays PLC grew its stake in shares of PubMatic by 1.4% in the 4th quarter. Barclays PLC now owns 126,189 shares of the company’s stock valued at $1,119,000 after purchasing an additional 1,723 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of PubMatic by 75.6% during the 4th 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of PubMatic by 30.4% in the 2nd quarter. Versant Capital Management Inc now owns 10,657 shares of the company’s stock worth $140,000 after acquiring an additional 2,482 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PubMatic by 1.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after purchasing an additional 2,654 shares in the last quarter. Finally, Diversified Trust Co raised 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 purchasing an additional 3,022 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

About PubMatic

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.