PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of PubMatic stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.55, for a total value of $332,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PubMatic Price Performance

PUBM opened at $7.79 on Friday. The stock has a market capitalization of $361.61 million, a P/E ratio of -41.00 and a beta of 1.49. The company’s 50 day simple moving average is $8.75 and its 200-day simple moving average is $9.23. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.32.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $67.96 million for the quarter, compared to the consensus estimate of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. As a group, analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current year.

Institutional Trading of PubMatic

Large investors have recently bought and sold shares of the business. CenterBook Partners LP lifted its stake in PubMatic by 239.0% in the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after buying an additional 527,650 shares in the last quarter. UBS Group AG raised its holdings in shares of PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after acquiring an additional 303,479 shares during the period. Roubaix Capital LLC bought a new stake in PubMatic in the 3rd quarter valued at $2,247,000. Two Sigma Investments LP lifted its position in PubMatic by 146.7% in the 3rd quarter. Two Sigma Investments LP now owns 384,905 shares of the company’s stock valued at $3,187,000 after acquiring an additional 228,878 shares in the last quarter. Finally, Acuitas Investments LLC boosted its stake in PubMatic by 142.8% in the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after purchasing an additional 209,159 shares during the period. 64.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Rosenblatt Securities upped their target price on shares of PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen lowered PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Evercore ISI lifted their price objective on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, B. Riley upped their target price on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.44.

About PubMatic

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.