Insider Selling: PubMatic (NASDAQ:PUBM) CEO Sells 44,000 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $6.28, for a total value of $276,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PubMatic Stock Performance

NASDAQ:PUBM traded down $0.02 on Thursday, reaching $6.56. The company’s stock had a trading volume of 320,560 shares, compared to its average volume of 622,568. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $15.12. The business’s 50-day moving average price is $7.93 and its two-hundred day moving average price is $8.45. The firm has a market cap of $304.52 million, a PE ratio of -34.53 and a beta of 1.58.

Institutional Trading of PubMatic

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its position in PubMatic by 55.7% in the first quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock valued at $1,000,000 after purchasing an additional 39,124 shares in the last quarter. CWM LLC boosted its stake in shares of PubMatic by 506.1% during the 2nd quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after buying an additional 4,980 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of PubMatic by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock valued at $4,436,000 after acquiring an additional 3,263 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of PubMatic in the 2nd quarter valued at about $1,822,000. Finally, GWN Securities Inc. acquired a new stake in shares of PubMatic in the second quarter valued at about $165,000. Institutional investors own 64.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PUBM shares. Rosenblatt Securities increased their target price on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Evercore upped their price target on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. B. Riley Financial increased their price objective on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. 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’s stock. According to data from MarketBeat, PubMatic has an average rating of “Hold” and an average price target 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.