PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 7,158 Shares

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 7,158 shares of PubMatic stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $8.73, for a total transaction of $62,489.34. Following the completion of the transaction, the chairman directly owned 12,496 shares in the company, valued at approximately $109,090.08. This trade represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Stock Performance

PubMatic stock opened at $8.67 on Thursday. PubMatic, Inc. has a 52 week low of $7.01 and a 52 week high of $17.32. The firm has a market capitalization of $402.46 million, a price-to-earnings ratio of -45.63 and a beta of 1.49. The company has a 50 day moving average price of $8.86 and a 200 day moving average price of $9.52.

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

Institutional Investors Weigh In On PubMatic

A number of large investors have recently added to or reduced their stakes in PUBM. Tower Research Capital LLC TRC raised its position in shares of 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 period. BNP Paribas Financial Markets grew its stake in PubMatic by 120.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $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 2nd quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after acquiring an additional 4,980 shares during the period. State of Wyoming bought a new position in shares of PubMatic in the first quarter worth about $82,000. Finally, Diversified Trust Co boosted its position in shares of PubMatic by 13.1% in the third 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 period. Institutional investors own 64.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PUBM shares. Rosenblatt Securities raised their price target on shares of PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. B. Riley upped their target price on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Evercore ISI raised their price target on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Five 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, the stock currently has a consensus rating of “Hold” and an average target price of $12.44.

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.