PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 49,916 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 49,916 shares of PubMatic stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $407,813.72. Following the completion of the transaction, the chief executive officer owned 47,740 shares of the company’s stock, valued at approximately $390,035.80. This represents a 51.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PubMatic Stock Performance

PUBM stock remained flat at $8.27 during mid-day trading on Friday. The company’s stock had a trading volume of 618,175 shares, compared to its average volume of 731,930. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The firm has a 50-day moving average of $7.54 and a 200 day moving average of $8.23. The firm has a market capitalization of $392.00 million, a P/E ratio of -26.68 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The business had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. Analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of PubMatic during the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its stake in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares during the period. BNP Paribas Financial Markets grew its stake in shares of PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after acquiring an additional 4,856 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of PubMatic during the fourth quarter worth $91,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PUBM has been the topic of several recent analyst reports. B. Riley Financial raised shares of PubMatic from a “neutral” rating to a “buy” rating and increased their price objective for the company from $10.00 to $10.50 in a report on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price target on shares of PubMatic in a research note on Friday, March 20th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Wolfe Research reiterated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus price target of $12.63.

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.