Steven Pantelick Sells 12,567 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 12,567 shares of PubMatic stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $8.61, for a total transaction of $108,201.87. Following the sale, the chief financial officer owned 47,083 shares of the company’s stock, valued at $405,384.63. The trade was a 21.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Pantelick also recently made the following trade(s):

• On Monday, January 5th, Steven Pantelick sold 18,398 shares of PubMatic stock. The stock was sold at an average price of $8.81, for a total transaction of $162,086.38.

PubMatic Stock Performance

PubMatic stock opened at $8.83 on Wednesday. The company has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.53. PubMatic, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.32. The company has a market capitalization of $409.89 million, a PE ratio of -46.47 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company 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%. On average, analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

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

More PubMatic News

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)

Analysts Set New Price Targets

PUBM has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Rosenblatt Securities upped their target price on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Evercore ISI lifted their price target on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, Wolfe Research reissued an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PubMatic currently 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.