PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 6,250 Shares

by · The Cerbat Gem

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) Chairman Amar Goel sold 6,250 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $17.04, for a total transaction of $106,500.00. Following the completion of the sale, the chairman owned 35,580 shares in the company, valued at approximately $606,283.20. This trade represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Stock Down 2.7%

NASDAQ:PUBM traded down $0.46 during trading hours on Friday, reaching $16.50. 345,742 shares of the company’s stock were exchanged, compared to its average volume of 688,147. The company has a market capitalization of $751.58 million, a P/E ratio of -55.00 and a beta of 1.58. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $18.44. The business’s 50-day simple moving average is $14.69 and its two-hundred day simple moving average is $11.26.

PubMatic (NASDAQ:PUBM – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%.The company had revenue of $78.59 million during the quarter, compared to the consensus estimate of $68.95 million. As a group, sell-side analysts anticipate that PubMatic, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PUBM has been the subject of several research analyst reports. Wall Street Zen raised PubMatic from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Rosenblatt Securities upped their target price on PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, August 7th. Evercore reissued an “outperform” rating and issued a $21.00 price target on shares of PubMatic in a research report on Monday, August 10th. Citigroup reaffirmed an “outperform” rating on shares of PubMatic in a research report on Friday, August 7th. Finally, Jefferies Financial Group increased their target price on shares of PubMatic from $10.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PubMatic currently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Get Our Latest Stock Analysis on PUBM

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP raised its position in shares of PubMatic by 248.0% in the first quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after purchasing an additional 147,386 shares during the period. Simcoe Capital LLC bought a new position in PubMatic in the 4th quarter worth $3,625,000. CenterBook Partners LP lifted its position in PubMatic by 53.3% during the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after acquiring an additional 398,595 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in PubMatic by 26.3% during the first quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after acquiring an additional 321,200 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of PubMatic in the first quarter valued at about $1,687,000. 64.26% of the stock is owned by institutional investors.

About PubMatic

(Get Free Report)

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.

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