PubMatic (NASDAQ:PUBM) CEO Sells $332,200.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.55, for a total value of $332,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

PubMatic Trading Down 0.8%

Shares of PubMatic stock opened at $7.73 on Friday. PubMatic, Inc. has a 52 week low of $7.01 and a 52 week high of $17.32. The stock has a market cap of $358.79 million, a PE ratio of -40.68 and a beta of 1.49. The company’s 50-day moving average price is $8.72 and its two-hundred day moving average price is $9.17.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The company had revenue of $67.96 million during the quarter, compared to analyst estimates of $63.95 million. On average, equities analysts predict that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PUBM has been the topic of a number of recent research reports. Rosenblatt Securities lifted 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. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Thursday. Wall Street Zen cut PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. B. Riley upped their price objective on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a report on Monday, January 5th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.44.

Institutional Investors Weigh In On PubMatic

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of PubMatic by 264.8% in the 2nd 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 period. BNP Paribas Financial Markets grew its position in PubMatic by 120.8% during the third 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. CWM LLC increased its stake in PubMatic by 506.1% in the 2nd quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after buying an additional 4,980 shares during the period. Diversified Trust Co increased its stake in PubMatic by 13.1% in the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after buying an additional 1,699 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in PubMatic in the 3rd quarter worth approximately $131,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

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.