Rajeev Goel Sells 17,176 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 17,176 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $13.91, for a total value of $238,918.16. Following the sale, the chief executive officer directly owned 17,176 shares in the company, valued at approximately $238,918.16. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

PubMatic Price Performance

PUBM opened at $13.32 on Wednesday. The business has a 50 day moving average price of $11.20 and a two-hundred day moving average price of $9.17. The company has a market capitalization of $618.58 million, a price-to-earnings ratio of -35.05 and a beta of 1.51. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.99.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The company had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. Equities analysts expect that PubMatic, Inc. will post -0.26 EPS 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

Institutional Trading of PubMatic

Hedge funds have recently bought and sold shares of the company. Acuitas Investments LLC boosted its holdings in shares of PubMatic by 142.8% in the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after buying an additional 209,159 shares during the period. Simcoe Capital LLC purchased a new stake in shares of PubMatic in the 4th quarter valued at approximately $3,625,000. CenterBook Partners LP lifted its position in shares of PubMatic by 53.3% in the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock valued at $10,174,000 after acquiring an additional 398,595 shares in the last quarter. Leibman Financial Services Inc. boosted its stake in PubMatic by 10.3% in the 4th quarter. Leibman Financial Services Inc. now owns 115,610 shares of the company’s stock worth $1,025,000 after purchasing an additional 10,786 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

PubMatic Company 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.