PubMatic (NASDAQ:PUBM) Insider Sells 7,897 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,897 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total value of $107,794.05. Following the completion of the transaction, the insider owned 112,945 shares in the company, valued at $1,541,699.25. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mukul Kumar also recently made the following trade(s):

• On Tuesday, June 2nd, Mukul Kumar sold 8,000 shares of PubMatic stock. The stock was sold at an average price of $11.96, for a total value of $95,680.00.

PubMatic Trading Down 0.2%

PUBM traded down $0.03 on Monday, hitting $13.52. 433,149 shares of the company’s stock traded hands, compared to its average volume of 704,710. The company’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $9.11. The firm has a market cap of $627.91 million, a price-to-earnings ratio of -35.58 and a beta of 1.51. PubMatic, Inc. has a one year low of $6.15 and a one year high of $13.99.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.05. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The business had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. As a group, equities analysts anticipate that PubMatic, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in PubMatic during the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,915 shares during the last quarter. State of Wyoming purchased a new position in shares of PubMatic in the 1st quarter worth approximately $61,000. Tower Research Capital LLC TRC boosted its holdings in shares of PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PUBM. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 target price on shares of PubMatic in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PubMatic presently has an average rating of “Moderate Buy” and an average price target of $12.88.

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.