Diversified Investment Strategies LLC Grows Holdings in PubMatic, Inc. $PUBM

Diversified Investment Strategies LLC boosted its position in PubMatic, Inc. (NASDAQ:PUBM) by 40.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 140,000 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. PubMatic makes up 0.7% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 27th biggest position. Diversified Investment Strategies LLC’s holdings in PubMatic were worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of PubMatic during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted 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 purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares during the last quarter. BNP Paribas Financial Markets grew its stake in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in PubMatic during the 4th quarter valued at approximately $91,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PUBM has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price objective on shares of PubMatic in a research note on Thursday, April 23rd. Finally, B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. One equities 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Insider Transactions at PubMatic

In related news, CFO Steven Pantelick sold 23,548 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total value of $321,430.20. Following the completion of the transaction, the chief financial officer directly owned 64,820 shares of the company’s stock, valued at $884,793. This represents a 26.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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. Also, insider Mukul Kumar sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $11.96, for a total value of $95,680.00. Following the completion of the sale, the insider owned 100,869 shares in the company, valued at approximately $1,206,393.24. This represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 362,305 shares of company stock worth $4,188,373. Company insiders own 27.78% of the company’s stock.

PubMatic Stock Performance

PubMatic stock opened at $13.55 on Friday. The firm has a market capitalization of $629.26 million, a P/E ratio of -35.66 and a beta of 1.51. The company has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $9.27. PubMatic, Inc. has a one year low of $6.15 and a one year high of $13.99.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The firm had revenue of $62.57 million during the quarter, compared to analyst estimates of $60.42 million. As a group, sell-side analysts forecast that PubMatic, Inc. will post -0.26 earnings per share for the current year.

PubMatic 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.