Rajeev Goel Sells 49,916 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 49,916 shares of PubMatic stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $407,813.72. Following the completion of the transaction, the chief executive officer owned 47,740 shares of the company’s stock, valued at $390,035.80. This represents a 51.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Price Performance

Shares of NASDAQ:PUBM remained flat at $8.27 during trading hours on Friday. 618,175 shares of the company’s stock were exchanged, compared to its average volume of 731,930. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The business’s 50-day moving average is $7.54 and its 200 day moving average is $8.23. The stock has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. The business had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. Equities research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of PubMatic

Large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in PubMatic during the 4th quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd grew its stake in shares of PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of PubMatic by 264.8% in the second 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 increased 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 valued at $73,000 after purchasing an additional 4,856 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of PubMatic during the fourth quarter worth approximately $91,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PUBM shares. Lake Street Capital raised PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of PubMatic in a report on Friday, March 20th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Finally, B. Riley Financial upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $10.50 in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and a consensus target price of $12.63.

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.