Mukul Kumar Sells 7,830 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,830 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total value of $63,971.10. Following the sale, the insider directly owned 99,485 shares of the company’s stock, valued at $812,792.45. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PubMatic Stock Performance

Shares of PUBM remained flat at $8.27 during mid-day trading on Friday. 618,175 shares of the stock traded hands, compared to its average volume of 731,930. The firm’s fifty day simple moving average is $7.54 and its two-hundred day simple moving average is $8.23. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The firm has a market capitalization 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, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $80.05 million during the quarter, compared to analyst estimates of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. As a group, equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on PUBM shares. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price target on shares of PubMatic in a report on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Wolfe Research reissued an “outperform” rating and set a $14.00 target price on shares of PubMatic in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Institutional Investors Weigh In On PubMatic

Several hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC increased its position in PubMatic by 12.2% during the fourth quarter. Hsbc Holdings PLC now owns 64,590 shares of the company’s stock worth $573,000 after acquiring an additional 7,034 shares during the period. Caitong International Asset Management Co. Ltd grew its position in PubMatic by 75.6% in the 4th 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. Invesco Ltd. grew its position in PubMatic by 20.0% in the 4th quarter. Invesco Ltd. now owns 105,509 shares of the company’s stock worth $936,000 after purchasing an additional 17,581 shares during the last quarter. XTX Topco Ltd bought a new position in shares of PubMatic during the 4th quarter worth about $199,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of PubMatic during the fourth quarter valued at about $893,000. 64.26% of the stock is owned by institutional investors.

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.