PubMatic (NASDAQ:PUBM) General Counsel Sells $42,025.41 in Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 4,881 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $8.61, for a total transaction of $42,025.41. Following the transaction, the general counsel directly owned 59,769 shares in the company, valued at approximately $514,611.09. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

PubMatic Trading Up 2.0%

Shares of NASDAQ:PUBM traded up $0.17 on Monday, reaching $8.76. 444,488 shares of the company’s stock were exchanged, compared to its average volume of 459,099. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.32. The company has a fifty day moving average of $8.86 and a 200-day moving average of $9.54. The company has a market capitalization of $406.64 million, a price-to-earnings ratio of -46.11 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business 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, equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PUBM shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research report on Wednesday, October 8th. Wolfe Research restated an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research report on Monday. B. Riley upped their price target on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. Finally, Rosenblatt Securities boosted their price objective 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. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.44.

Institutional Trading of PubMatic

Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of PubMatic by 2.3% in the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock worth $548,000 after acquiring an additional 1,341 shares in the last quarter. Diversified Trust Co grew its stake in PubMatic by 13.1% during the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after purchasing an additional 1,699 shares during the period. Barclays PLC increased its holdings in PubMatic by 1.9% in the third quarter. Barclays PLC now owns 124,466 shares of the company’s stock worth $1,031,000 after purchasing an additional 2,353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in PubMatic by 1.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after purchasing an additional 2,654 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in PubMatic by 1.0% in the second quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock valued at $4,436,000 after buying an additional 3,263 shares during the period. Institutional investors own 64.26% of the company’s stock.

Key Headlines Impacting 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.