Renaissance Technologies LLC Has $12.60 Million Stock Position in PubMatic, Inc. $PUBM

Renaissance Technologies LLC grew its holdings in PubMatic, Inc. (NASDAQ:PUBM) by 26.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,540,533 shares of the company’s stock after purchasing an additional 321,200 shares during the period. Renaissance Technologies LLC’s holdings in PubMatic were worth $12,602,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in PubMatic by 1.4% during the fourth quarter. Barclays PLC now owns 126,189 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,723 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after buying an additional 1,915 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of PubMatic by 1.9% in the 2nd 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 in the last quarter. Diversified Trust Co increased its position in shares of PubMatic by 20.8% in the first quarter. Diversified Trust Co now owns 17,564 shares of the company’s stock valued at $144,000 after acquiring an additional 3,022 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of PubMatic in the fourth quarter valued at about $30,000. Institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PUBM. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Friday, July 17th. Rosenblatt Securities restated a “buy” rating and set a $21.00 price objective on shares of PubMatic in a research note on Thursday, April 23rd. Royal Bank Of Canada raised their target price on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, B. Riley Financial restated a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PubMatic has an average rating of “Moderate Buy” and a consensus target price of $12.88.

PubMatic Price Performance

PUBM opened at $12.60 on Friday. The business has a fifty day simple moving average of $12.32 and a 200 day simple moving average of $9.71. The company has a market capitalization of $585.14 million, a PE ratio of -33.16 and a beta of 1.51. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $14.04.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.05. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The firm had revenue of $62.57 million for the quarter, compared to analysts’ expectations of $60.42 million. Equities analysts anticipate that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PubMatic news, CEO Rajeev K. Goel sold 58,854 shares of PubMatic stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $13.68, for a total value of $805,122.72. Following the completion of the sale, the chief executive officer owned 47,301 shares in the company, valued at $647,077.68. The trade was a 55.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mukul Kumar sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $11.96, for a total transaction of $95,680.00. Following the transaction, the insider owned 100,869 shares in the company, valued at approximately $1,206,393.24. The trade was a 7.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 324,284 shares of company stock valued at $3,994,693. 27.78% of the stock is owned by company 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.