PubMatic (NASDAQ:PUBM) CAO Sells $23,787.84 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,396 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.04, for a total value of $23,787.84. Following the completion of the sale, the chief accounting officer directly owned 16,927 shares of the company’s stock, valued at $288,436.08. This trade represents a 7.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lisa Gimbel also recently made the following trade(s):

• On Wednesday, August 12th, Lisa Gimbel sold 500 shares of PubMatic stock. The stock was sold at an average price of $17.50, for a total value of $8,750.00.

PubMatic Trading Up 0.5%

Shares of PUBM traded up $0.09 during trading hours on Tuesday, reaching $17.36. The stock had a trading volume of 920,949 shares, compared to its average volume of 694,763. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $18.44. The firm has a 50-day simple moving average of $13.33 and a 200 day simple moving average of $10.35. The company has a market capitalization of $790.75 million, a price-to-earnings ratio of -57.86 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. The business had revenue of $78.59 million during the quarter, compared to analyst estimates of $68.95 million. On average, equities analysts forecast that PubMatic, Inc. will post -0.26 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PUBM shares. Citigroup reiterated an “outperform” rating on shares of PubMatic in a research note on Friday, August 7th. Rosenblatt Securities increased their price objective on PubMatic from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Raymond James Financial upgraded PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a research report on Friday, August 7th. Finally, Evercore reiterated an “outperform” rating and set a $21.00 price target on shares of PubMatic in a report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.25.

Institutional Investors Weigh In On PubMatic

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in PubMatic by 320.0% in the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock valued at $8,144,000 after buying an additional 699,549 shares during the last quarter. Simcoe Capital LLC purchased a new position in shares of PubMatic in the 4th quarter worth approximately $3,625,000. CenterBook Partners LP grew its holdings in shares of PubMatic by 53.3% in the fourth 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. Renaissance Technologies LLC grew its holdings in shares of PubMatic by 26.3% in the first quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after acquiring an additional 321,200 shares in the last quarter. Finally, UBS Group AG increased its position in shares of PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after acquiring an additional 303,479 shares during the last quarter. 64.26% of the stock is owned by institutional investors.

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.