PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $8.80, for a total transaction of $387,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

PubMatic Stock Up 2.0%

PubMatic stock traded up $0.17 during trading hours on Monday, hitting $8.76. The stock had a trading volume of 444,488 shares, compared to its average volume of 459,099. The stock’s 50-day moving average price is $8.86 and its 200-day moving average price is $9.54. The stock has a market capitalization of $406.64 million, a P/E ratio of -46.11 and a beta of 1.49. PubMatic, Inc. has a 12-month low of $7.01 and a 12-month high of $17.32.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The firm had revenue of $67.96 million for the quarter, compared to analysts’ expectations of $63.95 million. On average, research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

More PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic launched AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising; management says it will help orchestrate planning, transacting and optimization across premium digital environments — a product that could expand addressable market and drive differentiated revenue growth if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
• Neutral Sentiment: Media coverage of the AgenticOS launch (trade press summaries) is spreading awareness but doesn’t yet provide evidence of customer contracts or monetization timing — useful for sentiment but neutral until revenue impact is visible. PubMatic launches AgenticOS (Advanced Television)
• Negative Sentiment: Multiple insiders (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar) disclosed substantial open-market sales in early January — collectively roughly 116,000 shares and about $1.0M in proceeds across filings. Large insider reductions (CEO’s stake fell ~39% from combined sales; CFO reported double transactions) can be interpreted as a negative signal and may pressure sentiment near-term. See SEC disclosure examples. CEO Form 4 (SEC)

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after acquiring an additional 3,541 shares during the period. CWM LLC grew its position in shares of PubMatic by 506.1% during the second quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after purchasing an additional 4,980 shares in the last quarter. BNP Paribas Financial Markets raised its stake in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the period. State of Wyoming purchased a new position in PubMatic in the 1st quarter worth approximately $82,000. Finally, Headlands Technologies LLC boosted its stake in PubMatic by 59.2% in the 2nd quarter. Headlands Technologies LLC now owns 12,043 shares of the company’s stock worth $150,000 after purchasing an additional 4,478 shares during the period. Institutional investors own 64.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on PUBM shares. Wolfe Research reiterated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research note on Monday. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. B. Riley increased their price target on PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities upped their price objective on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.44.

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.