Andrew Woods Sells 38,331 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 38,331 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $17.96, for a total value of $688,424.76. Following the completion of the transaction, the general counsel owned 39,761 shares in the company, valued at $714,107.56. The trade was a 49.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Woods also recently made the following trade(s):

• On Thursday, July 2nd, Andrew Woods sold 5,758 shares of PubMatic stock. The shares were sold at an average price of $13.65, for a total value of $78,596.70.

PubMatic Stock Down 0.1%

NASDAQ PUBM traded down $0.02 during trading hours on Monday, reaching $17.76. The company’s stock had a trading volume of 1,639,143 shares, compared to its average volume of 687,450. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $18.44. The company has a market capitalization of $824.77 million, a price-to-earnings ratio of -59.20 and a beta of 1.54. The firm’s 50-day moving average price is $12.64 and its 200-day moving average price is $9.94.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.15. The firm had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. Equities research analysts anticipate that PubMatic, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in PubMatic in the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd lifted its position in shares of PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares during the last quarter. State of Wyoming purchased a new stake in shares of PubMatic during the first quarter valued at $61,000. Tower Research Capital LLC TRC grew 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 worth $61,000 after purchasing an additional 3,541 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in PubMatic by 120.8% in the 3rd 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 during the period. Institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank upgraded PubMatic from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $8.00 to $21.00 in a research report on Friday. Citigroup reaffirmed an “outperform” rating on shares of PubMatic in a research note on Friday. Rosenblatt Securities increased their price objective on shares of PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research note on Friday. Finally, Lake Street Capital restated a “buy” rating and set a $20.00 target price on shares of PubMatic in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus target price of $18.28.

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.