PubMatic (NASDAQ:PUBM) General Counsel Sells $46,650.70 in Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 5,710 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total value of $46,650.70. Following the transaction, the general counsel owned 69,882 shares in the company, valued at $570,935.94. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Price Performance

PUBM remained flat at $8.27 during trading on Friday. The company’s stock had a trading volume of 618,175 shares, compared to its average volume of 731,930. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The company’s fifty day simple moving average is $7.54 and its two-hundred day simple moving average is $8.23. The company has a market cap of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $80.05 million during the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. On average, analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Wolfe Research reissued an “outperform” rating and set a $14.00 price target on shares of PubMatic in a report on Monday, January 5th. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price target on shares of PubMatic in a research report on Friday, March 20th. Finally, B. Riley Financial raised PubMatic from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $10.50 in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PubMatic presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.63.

Hedge Funds Weigh In On PubMatic

Several institutional investors have recently bought and sold shares of the company. Roubaix Capital LLC acquired a new stake in shares of PubMatic in the 3rd quarter worth $2,247,000. CenterBook Partners LP increased its stake in shares of PubMatic by 239.0% during the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock worth $6,197,000 after acquiring an additional 527,650 shares during the period. Acuitas Investments LLC increased its stake in shares of PubMatic by 142.8% during the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after acquiring an additional 209,159 shares during the period. Simcoe Capital LLC purchased a new position in PubMatic during the fourth quarter worth about $3,625,000. Finally, Leibman Financial Services Inc. lifted its position in PubMatic by 10.3% in the fourth quarter. Leibman Financial Services Inc. now owns 115,610 shares of the company’s stock valued at $1,025,000 after purchasing an additional 10,786 shares during the period. 64.26% of the stock is owned by institutional investors and hedge funds.

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.