Insider Selling: PubMatic (NASDAQ:PUBM) CFO Sells 12,567 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 12,567 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $8.61, for a total value of $108,201.87. Following the completion of the transaction, the chief financial officer directly owned 47,083 shares in the company, valued at $405,384.63. This trade represents a 21.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, January 5th, Steven Pantelick sold 18,398 shares of PubMatic stock. The shares were sold at an average price of $8.81, for a total value of $162,086.38.

PubMatic Trading Up 2.0%

NASDAQ:PUBM traded up $0.17 on Monday, hitting $8.76. 444,488 shares of the stock were exchanged, compared to its average volume of 459,099. The stock has a fifty day moving average of $8.86 and a 200-day moving average of $9.54. The stock has a market cap of $406.64 million, a PE ratio of -46.11 and a beta of 1.49. PubMatic, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.32.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%.The business had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. As a group, analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

PUBM has been the subject of a number of research reports. Rosenblatt Securities upped their price target on shares of PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. B. Riley boosted their price target on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Evercore ISI upped their price target on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.44.

PubMatic News Roundup

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic launched AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising; management says it will help orchestrate planning, transacting and optimization across premium digital environments — a product that could expand addressable market and drive differentiated revenue growth if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
• Neutral Sentiment: Media coverage of the AgenticOS launch (trade press summaries) is spreading awareness but doesn’t yet provide evidence of customer contracts or monetization timing — useful for sentiment but neutral until revenue impact is visible. PubMatic launches AgenticOS (Advanced Television)
• Negative Sentiment: Multiple insiders (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar) disclosed substantial open-market sales in early January — collectively roughly 116,000 shares and about $1.0M in proceeds across filings. Large insider reductions (CEO’s stake fell ~39% from combined sales; CFO reported double transactions) can be interpreted as a negative signal and may pressure sentiment near-term. See SEC disclosure examples. CEO Form 4 (SEC)

Institutional Investors Weigh In On PubMatic

Several hedge funds and other institutional investors have recently bought and sold shares of PUBM. Tower Research Capital LLC TRC raised its position 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 in the last quarter. BNP Paribas Financial Markets increased its stake in shares of PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after buying an additional 4,856 shares during the last quarter. CWM LLC raised its holdings in PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after acquiring an additional 4,980 shares in the last quarter. State of Wyoming acquired a new stake in PubMatic in the first quarter valued at $82,000. Finally, Diversified Trust Co boosted its stake in PubMatic by 13.1% during the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after acquiring an additional 1,699 shares during the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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.