Insider Selling: PubMatic (NASDAQ:PUBM) CFO Sells $341,283.96 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 19,716 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $17.31, for a total value of $341,283.96. Following the completion of the transaction, the chief financial officer owned 10,353 shares of the company’s stock, valued at $179,210.43. The trade was a 65.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Steven Pantelick also recently made the following trade(s):

• On Wednesday, August 12th, Steven Pantelick sold 22,203 shares of PubMatic stock. The shares were sold at an average price of $17.25, for a total value of $383,001.75.
• On Monday, July 6th, Steven Pantelick sold 12,548 shares of PubMatic stock. The shares were sold at an average price of $13.42, for a total transaction of $168,394.16.
• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The stock was sold at an average price of $13.65, for a total transaction of $321,430.20.

PubMatic Price Performance

NASDAQ:PUBM traded up $0.31 during trading hours on Friday, reaching $17.59. 663,492 shares of the company were exchanged, compared to its average volume of 691,807. The firm has a market cap of $816.88 million, a price-to-earnings ratio of -58.63 and a beta of 1.54. The stock has a 50 day simple moving average of $13.09 and a 200 day simple moving average of $10.22. PubMatic, Inc. has a 52-week low of $6.15 and a 52-week high of $18.44.

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

Institutional Trading of PubMatic

Several large investors have recently modified their holdings of PUBM. Quarry LP purchased a new stake in shares of PubMatic during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in PubMatic by 75.6% in the fourth 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 acquired a new stake in PubMatic during the 1st quarter valued at approximately $61,000. Tower Research Capital LLC TRC grew its stake in PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after purchasing an additional 4,856 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PUBM. Weiss Ratings downgraded PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. B. Riley Financial restated a “buy” rating on shares of PubMatic in a report on Friday, August 7th. Jefferies Financial Group lifted their price target on shares of PubMatic from $10.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Rosenblatt Securities raised their target price on shares of PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PubMatic has a consensus rating of “Moderate Buy” and an average target price of $18.25.

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.