PubMatic (NASDAQ:PUBM) Chairman Sells $62,489.34 in Stock

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 7,158 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $8.73, for a total value of $62,489.34. Following the completion of the transaction, the chairman directly owned 12,496 shares in the company, valued at approximately $109,090.08. This represents a 36.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PubMatic Price Performance

Shares of PubMatic stock opened at $8.37 on Friday. The firm has a market cap of $388.54 million, a PE ratio of -44.05 and a beta of 1.49. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.32. The stock has a fifty day moving average price of $8.87 and a 200-day moving average price of $9.50.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $67.96 million for the quarter, compared to the consensus estimate of $63.95 million. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. As a group, equities analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen downgraded PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday. Rosenblatt Securities boosted their target price on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. B. Riley increased their price target on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Wolfe Research reissued an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.44.

Hedge Funds Weigh In On PubMatic

A number of large investors have recently made changes to their positions in PUBM. Tower Research Capital LLC TRC raised its stake in shares of PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after buying an additional 4,856 shares in the last quarter. CWM LLC lifted its holdings in shares of PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after buying an additional 4,980 shares in the last quarter. State of Wyoming bought a new position in shares of PubMatic in the first quarter valued at approximately $82,000. Finally, Diversified Trust Co grew its stake in PubMatic by 13.1% during the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after acquiring an additional 1,699 shares in the last quarter. 64.26% of the stock is owned by institutional investors.

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.