PubMatic (NASDAQ:PUBM) General Counsel Andrew Woods Sells 10,079 Shares of Company Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 10,079 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $18.65, for a total transaction of $187,973.35. Following the completion of the sale, the general counsel owned 39,761 shares of the company’s stock, valued at approximately $741,542.65. The trade was a 20.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Woods also recently made the following trade(s):

• On Friday, October 2nd, Andrew Woods sold 5,744 shares of PubMatic stock. The stock was sold at an average price of $18.97, for a total value of $108,963.68.
• On Monday, August 10th, Andrew Woods sold 38,331 shares of PubMatic stock. The shares were sold at an average price of $17.96, for a total value of $688,424.76.

PubMatic Stock Down 1.3%

PubMatic stock traded down $0.25 during trading hours on Tuesday, hitting $18.35. The stock had a trading volume of 717,116 shares, compared to its average volume of 693,884. The company has a 50-day moving average of $16.60 and a two-hundred day moving average of $12.79. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $19.48. The company has a market cap of $835.84 million, a PE ratio of -61.16 and a beta of 1.56.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.15. The company had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. As a group, analysts forecast that PubMatic, Inc. will post -0.09 EPS for the current fiscal year.

More PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: New Southeast Asian campaign: PubMatic and The Media Shop launched an agentic luxury advertising campaign described as the first of its kind in Southeast Asia. The initiative showcases PubMatic’s programmatic advertising platform and could help expand advertiser adoption and future revenue in the region. The Media Shop and PubMatic Launch Southeast Asia’s First Agentic Luxury Campaign
• Positive Sentiment: Analyst support remains favorable: Wall Street brokerages collectively rate PUBM “Moderate Buy,” with a reported consensus price target of $19.73. The stock is also trading above its 50-day and 200-day moving averages, indicating strong recent momentum, although the consensus target suggests limited upside from recent levels. PubMatic Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Recent earnings outperformance provides support: PubMatic’s latest quarterly results exceeded expectations, with revenue of $78.59 million versus a $68.95 million consensus estimate and a smaller-than-expected loss per share. However, the company remains unprofitable, with analysts forecasting a full-year loss.
• Negative Sentiment: Multiple insiders sold shares: CEO Rajeev Goel, CFO Steven Pantelick, Chairman Amar Goel, General Counsel Andrew Woods and insider Mukul Kumar collectively sold 94,648 shares for approximately $1.80 million at $18.97 per share. The filings state that the sales covered tax-withholding obligations related to vested equity awards, making them less concerning than discretionary selling. Nevertheless, the transactions reduced insider ownership—including the CEO’s stake by more than 50%—and could pressure sentiment, particularly with PUBM trading near its 52-week high. PubMatic Insider Stock Sales

Analysts Set New Price Targets

PUBM has been the subject of a number of analyst reports. Evercore reaffirmed an “outperform” rating and set a $21.00 price objective on shares of PubMatic in a report on Monday, August 10th. Raymond James Financial raised shares of PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Friday, August 7th. B. Riley Financial increased their price target on shares of PubMatic from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Citizens Jmp raised their price target on shares of PubMatic from $12.00 to $20.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group lifted their price objective on PubMatic from $10.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.73.

Institutional Investors Weigh In On PubMatic

Several large investors have recently made changes to their positions in PUBM. Quantinno Capital Management LP increased its position in shares of PubMatic by 248.0% during the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock worth $1,692,000 after purchasing an additional 147,386 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in PubMatic during the 2nd quarter valued at about $872,000. Renaissance Technologies LLC boosted its position in 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 buying an additional 321,200 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in PubMatic in the second quarter valued at about $1,595,000. Finally, CenterBook Partners LP grew its stake in PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after buying an additional 398,595 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

PubMatic Company Profile

PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.

The company’s platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.