Mukul Kumar Sells 7,830 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $63,971.10. Following the sale, the insider directly owned 99,485 shares in the company, valued at $812,792.45. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PubMatic Stock Performance

NASDAQ:PUBM opened at $8.27 on Friday. The stock has a market capitalization of $392.00 million, a P/E ratio of -26.68 and a beta of 1.48. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $13.88. The firm has a 50 day moving average of $7.55 and a 200-day moving average of $8.23.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.29 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $76.12 million. As a group, analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on PUBM shares. Wolfe Research restated an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. Lake Street Capital raised shares of PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. B. Riley Financial raised shares of PubMatic from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $10.50 in a research note on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.63.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Roubaix Capital LLC bought a new stake in shares of PubMatic during the third quarter worth approximately $2,247,000. CenterBook Partners LP boosted 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 acquiring an additional 527,650 shares during the last quarter. Acuitas Investments LLC boosted its stake in PubMatic by 142.8% in the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after acquiring an additional 209,159 shares during the last quarter. Leibman Financial Services Inc. grew its holdings in PubMatic by 10.3% during the 4th quarter. Leibman Financial Services Inc. now owns 115,610 shares of the company’s stock worth $1,025,000 after acquiring an additional 10,786 shares during the period. Finally, Pinnacle Holdings LLC raised its position in shares of PubMatic by 7.8% during the 3rd quarter. Pinnacle Holdings LLC now owns 138,822 shares of the company’s stock valued at $1,149,000 after acquiring an additional 9,997 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

More PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat
• Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary
• Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing
• Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing
• Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing
• Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing

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.