Insider Selling: PubMatic (NASDAQ:PUBM) CEO Sells 44,000 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $8.80, for a total transaction of $387,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PubMatic Stock Up 2.0%

Shares of PUBM traded up $0.17 during trading hours on Monday, hitting $8.76. The company had a trading volume of 444,488 shares, compared to its average volume of 459,099. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.32. The stock’s 50 day moving average price is $8.86 and its 200 day moving average price is $9.54. The firm has a market cap of $406.64 million, a P/E ratio of -46.11 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%.The company had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. On average, research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On PubMatic

Several hedge funds have recently made changes to their positions in PUBM. Acadian Asset Management LLC increased its stake in shares of PubMatic by 37.4% during the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock valued at $7,810,000 after purchasing an additional 171,106 shares in the last quarter. State of Wyoming purchased a new stake in shares of PubMatic in the 1st quarter worth approximately $82,000. Acuitas Investments LLC bought a new position in PubMatic during the 2nd quarter valued at approximately $1,822,000. Leibman Financial Services Inc. raised its stake in PubMatic by 65.7% during the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company’s stock valued at $1,302,000 after buying an additional 41,499 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in PubMatic in the second quarter worth $2,747,000. 64.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PUBM has been the subject of several recent analyst reports. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. B. Riley boosted their price target on PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Rosenblatt Securities upped their price target on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Evercore ISI lifted their price objective on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Wolfe Research reissued an “outperform” rating and set a $14.00 target price on shares of PubMatic in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.44.

Trending Headlines about PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic launched AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising; management says it will help orchestrate planning, transacting and optimization across premium digital environments — a product that could expand addressable market and drive differentiated revenue growth if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
• Neutral Sentiment: Media coverage of the AgenticOS launch (trade press summaries) is spreading awareness but doesn’t yet provide evidence of customer contracts or monetization timing — useful for sentiment but neutral until revenue impact is visible. PubMatic launches AgenticOS (Advanced Television)
• Negative Sentiment: Multiple insiders (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar) disclosed substantial open-market sales in early January — collectively roughly 116,000 shares and about $1.0M in proceeds across filings. Large insider reductions (CEO’s stake fell ~39% from combined sales; CFO reported double transactions) can be interpreted as a negative signal and may pressure sentiment near-term. See SEC disclosure examples. CEO Form 4 (SEC)

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.