Amar Goel Sells 6,584 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 6,584 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total value of $89,871.60. Following the transaction, the chairman owned 35,580 shares in the company, valued at $485,667. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PubMatic Trading Down 1.5%

Shares of PUBM stock opened at $13.32 on Wednesday. The stock has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $9.17. The stock has a market cap of $618.58 million, a P/E ratio of -35.05 and a beta of 1.51. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $13.99.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on PUBM shares. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 target price on shares of PubMatic in a research report on Thursday, April 23rd. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada lifted their price target on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and an average target price of $12.88.

Institutional Trading of PubMatic

Large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in PubMatic during the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd lifted its stake in PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after buying an additional 3,541 shares in the last quarter. State of Wyoming bought a new position in shares of PubMatic during the 1st quarter worth approximately $61,000. Finally, BNP Paribas Financial Markets grew its position in shares of PubMatic by 120.8% during 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. 64.26% of the stock is currently owned by institutional investors and hedge funds.

More PubMatic News

Here are the key news stories impacting PubMatic this week:

• Neutral Sentiment: CEO Rajeev Goel sold shares in two transactions, along with sales from the CFO, Chairman, General Counsel, and insider Mukul Kumar; the company said these were largely related to equity vesting and tax withholding rather than a change in outlook. Insider Selling: PubMatic (NASDAQ:PUBM) General Counsel Sells $78,596.70 in Stock
• Neutral Sentiment: PubMatic recently reported quarterly results that beat expectations on both EPS and revenue, which provides some fundamental support for the stock even as shares remain near their 52-week high. PubMatic stock information
• Negative Sentiment: The concentration of insider selling from multiple senior leaders may still be viewed by investors as a cautious signal, especially after the stock’s recent run-up toward its 52-week high. PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 6,584 Shares

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.