Mukul Kumar Sells 5,573 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,573 shares of the company’s stock in a transaction that occurred on Thursday, January 1st. The stock was sold at an average price of $8.61, for a total value of $47,983.53. Following the sale, the insider directly owned 87,341 shares of the company’s stock, valued at $752,006.01. The trade was a 6.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PubMatic Price Performance

Shares of PUBM opened at $8.83 on Wednesday. The company has a market capitalization of $409.89 million, a PE ratio of -46.47 and a beta of 1.49. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.32. The company’s fifty day moving average price is $8.85 and its 200 day moving average price is $9.53.

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, 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 for the quarter, compared to the consensus estimate of $63.95 million. Analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PUBM. B. Riley increased their price target on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Evercore ISI raised 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. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Finally, Rosenblatt Securities raised their target price on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.44.

PubMatic News Summary

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic unveiled AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising that the company says will orchestrate planning, transacting and optimization across premium digital environments — a strategic product that could expand addressable market and drive differentiated revenue if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
• Neutral Sentiment: Trade press coverage of AgenticOS is spreading (product explainers and industry context), which supports awareness and sentiment but does not yet show customer wins, contracts or clear monetization timing — monitor early partner/customer announcements and pilot results for revenue signals. PubMatic Launches AgenticOS (DestinationCRM) Agentic AI as marketing infrastructure (MarketingTechNews) PubMatic launches AgenticOS (Advanced Television)
• Negative Sentiment: Multiple insiders executed open-market sales in early January (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar). Collectively the filings show roughly ~116,000 shares sold (~$1M of proceeds at recent prices). Large reductions by the CEO/C-suite can be interpreted negatively by the market and may weigh on sentiment until clearer operational or revenue upside appears. CEO Form 4 (SEC)

Hedge Funds Weigh In On PubMatic

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in PubMatic by 10.1% during the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company’s stock worth $12,159,000 after acquiring an additional 135,070 shares in the last quarter. Geode Capital Management LLC boosted its position in PubMatic by 5.3% in the second quarter. Geode Capital Management LLC now owns 985,948 shares of the company’s stock valued at $12,267,000 after buying an additional 49,209 shares in the last quarter. CenterBook Partners LP grew its stake in PubMatic by 239.0% during the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock worth $6,197,000 after buying an additional 527,650 shares during the last quarter. Acadian Asset Management LLC increased its holdings 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 worth $7,810,000 after buying an additional 171,106 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of PubMatic by 254.7% in the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after acquiring an additional 303,479 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

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.