PubMatic (NASDAQ:PUBM) CEO Sells $392,480.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.92, for a total transaction of $392,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PubMatic Price Performance

Shares of NASDAQ PUBM traded down $0.03 during trading on Tuesday, hitting $8.93. The stock had a trading volume of 362,496 shares, compared to its average volume of 546,131. The firm has a fifty day moving average of $8.77 and a two-hundred day moving average of $9.70. The company has a market capitalization of $414.53 million, a PE ratio of -47.00 and a beta of 1.49. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.32.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, topping 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 business had revenue of $67.96 million for the quarter, compared to analysts’ expectations of $63.95 million. On average, equities analysts expect that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wolfe Research reaffirmed an “outperform” rating and set a $12.00 price target on shares of PubMatic in a research report on Tuesday, November 11th. Rosenblatt Securities upped their price objective on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Sunday. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PubMatic has a consensus rating of “Hold” and an average target price of $12.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in 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 acquiring an additional 3,541 shares during the period. BNP Paribas Financial Markets boosted 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 worth $73,000 after purchasing an additional 4,856 shares during the period. CWM LLC increased its stake in shares of PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after purchasing an additional 4,980 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of PubMatic in the first quarter worth about $78,000. Finally, State of Wyoming bought a new stake in shares of PubMatic in the first quarter valued at approximately $82,000. Institutional investors 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.