Insider Selling: PubMatic (NASDAQ:PUBM) Insider Sells 5,428 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,428 shares of PubMatic stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $8.24, for a total transaction of $44,726.72. Following the completion of the sale, the insider directly owned 77,393 shares in the company, valued at $637,718.32. This trade represents a 6.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

PubMatic Price Performance

NASDAQ:PUBM opened at $8.44 on Friday. The company has a market capitalization of $385.88 million, a P/E ratio of -120.55 and a beta of 1.50. The business has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $10.27. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.74.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The firm had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $67.77 million. During the same period in the prior year, the company earned $0.04 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of PubMatic in a report on Tuesday, September 9th. JMP Securities lowered their target price on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. Evercore ISI dropped their target price on PubMatic from $16.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Finally, Scotiabank reduced their price target on PubMatic from $15.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PubMatic presently has a consensus rating of “Hold” and an average target price of $12.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in shares of PubMatic in the 1st quarter worth approximately $379,000. Acadian Asset Management LLC grew its stake in shares of PubMatic by 483.6% during the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after buying an additional 378,714 shares during the last quarter. State of Wyoming bought a new position in shares of PubMatic during the first quarter valued at about $82,000. Leibman Financial Services Inc. increased its holdings in shares of PubMatic by 65.7% in the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company’s stock worth $1,302,000 after buying an additional 41,499 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of PubMatic by 29.4% in the 1st quarter. Victory Capital Management Inc. now owns 92,733 shares of the company’s stock valued at $848,000 after acquiring an additional 21,065 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.