Steven Pantelick Sells 12,548 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 12,548 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.42, for a total transaction of $168,394.16. Following the transaction, the chief financial officer owned 52,272 shares of the company’s stock, valued at $701,490.24. This trade represents a 19.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The shares were sold at an average price of $13.65, for a total value of $321,430.20.

PubMatic Stock Down 1.5%

NASDAQ PUBM opened at $13.32 on Wednesday. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $13.99. The company has a market cap of $618.58 million, a price-to-earnings ratio of -35.05 and a beta of 1.51. The business’s fifty day moving average is $11.20 and its 200 day moving average is $9.17.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The business had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. On average, research analysts anticipate that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

More PubMatic News

Here are the key news stories impacting PubMatic this week:

• Neutral Sentiment: CEO Rajeev Goel sold shares in two transactions, along with sales from the CFO, Chairman, General Counsel, and insider Mukul Kumar; the company said these were largely related to equity vesting and tax withholding rather than a change in outlook. Insider Selling: PubMatic (NASDAQ:PUBM) General Counsel Sells $78,596.70 in Stock
• Neutral Sentiment: PubMatic recently reported quarterly results that beat expectations on both EPS and revenue, which provides some fundamental support for the stock even as shares remain near their 52-week high. PubMatic stock information
• Negative Sentiment: The concentration of insider selling from multiple senior leaders may still be viewed by investors as a cautious signal, especially after the stock’s recent run-up toward its 52-week high. PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 6,584 Shares

Analyst Upgrades and Downgrades

Several research firms recently commented on PUBM. Royal Bank Of Canada lifted their target price on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $21.00 price objective on shares of PubMatic in a report on Thursday, April 23rd. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.88.

Institutional Trading of PubMatic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUBM. Acuitas Investments LLC lifted its position in shares of PubMatic by 142.8% in the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after purchasing an additional 209,159 shares during the period. Simcoe Capital LLC acquired a new stake in shares of PubMatic during the fourth quarter worth $3,625,000. CenterBook Partners LP raised its stake in PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after buying an additional 398,595 shares during the last quarter. Leibman Financial Services Inc. lifted its holdings in PubMatic by 10.3% in the fourth quarter. Leibman Financial Services Inc. now owns 115,610 shares of the company’s stock valued at $1,025,000 after buying an additional 10,786 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares during the period. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.