PubMatic, Inc. $PUBM Shares Acquired by CenterBook Partners LP

CenterBook Partners LP boosted its stake in PubMatic, Inc. (NASDAQ:PUBM) by 239.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 748,460 shares of the company’s stock after purchasing an additional 527,650 shares during the quarter. CenterBook Partners LP owned about 1.64% of PubMatic worth $6,197,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Diversified Trust Co grew its stake in shares of PubMatic by 13.1% during the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after buying an additional 1,699 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PubMatic by 1.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after acquiring an additional 2,654 shares during the period. Nordea Investment Management AB grew its position in PubMatic by 1.0% during the second quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock valued at $4,436,000 after acquiring an additional 3,263 shares during the period. Tower Research Capital LLC TRC increased its stake in PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after acquiring an additional 3,541 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of 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. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PUBM. Evercore increased their target price on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Wolfe Research reissued an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a research report on Monday, January 5th. Wall Street Zen lowered shares of PubMatic from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Rosenblatt Securities increased their price target on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, B. Riley Financial raised their price objective on PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.44.

PubMatic Trading Down 3.8%

PubMatic stock opened at $6.29 on Wednesday. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $15.84. The stock has a market cap of $291.98 million, a P/E ratio of -33.11 and a beta of 1.58. The stock has a 50 day moving average of $7.98 and a 200-day moving average of $8.47.

Insiders Place Their Bets

In other PubMatic news, CFO Steven Pantelick sold 18,398 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $8.81, for a total transaction of $162,086.38. Following the sale, the chief financial officer owned 28,685 shares in the company, valued at $252,714.85. This represents a 39.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $7.55, for a total value of $332,200.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 386,373 shares of company stock worth $3,150,103 over the last quarter. 26.42% of the stock is currently owned by insiders.

PubMatic 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.