PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 5,279 Shares

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 5,279 shares of PubMatic stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $8.61, for a total transaction of $45,452.19. Following the sale, the chairman owned 19,654 shares of the company’s stock, valued at approximately $169,220.94. This trade represents a 21.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PubMatic Stock Up 2.0%

Shares of PUBM traded up $0.17 on Monday, hitting $8.76. 444,488 shares of the stock traded hands, compared to its average volume of 459,099. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.32. The stock’s 50 day moving average is $8.86 and its two-hundred day moving average is $9.54. The firm has a market capitalization of $406.64 million, a P/E ratio of -46.11 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%.The company had revenue of $67.96 million during the quarter, compared to the consensus estimate of $63.95 million. Research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Key Stores Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic launched AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising; management says it will help orchestrate planning, transacting and optimization across premium digital environments — a product that could expand addressable market and drive differentiated revenue growth if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
• Neutral Sentiment: Media coverage of the AgenticOS launch (trade press summaries) is spreading awareness but doesn’t yet provide evidence of customer contracts or monetization timing — useful for sentiment but neutral until revenue impact is visible. PubMatic launches AgenticOS (Advanced Television)
• Negative Sentiment: Multiple insiders (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar) disclosed substantial open-market sales in early January — collectively roughly 116,000 shares and about $1.0M in proceeds across filings. Large insider reductions (CEO’s stake fell ~39% from combined sales; CFO reported double transactions) can be interpreted as a negative signal and may pressure sentiment near-term. See SEC disclosure examples. CEO Form 4 (SEC)

Hedge Funds Weigh In On PubMatic

A number of hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its holdings in shares of PubMatic by 37.4% during the 2nd quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock valued at $7,810,000 after acquiring an additional 171,106 shares in the last quarter. State of Wyoming purchased a new position in PubMatic in the first quarter valued at about $82,000. Acuitas Investments LLC acquired a new position in shares of PubMatic during the second quarter worth about $1,822,000. Leibman Financial Services Inc. boosted its position in shares of PubMatic by 65.7% in the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company’s stock worth $1,302,000 after buying an additional 41,499 shares during the period. Finally, CenterBook Partners LP acquired a new stake in shares of PubMatic in the second quarter valued at about $2,747,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Rosenblatt Securities lifted their price target on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Wolfe Research reissued an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research report on Monday. Evercore ISI boosted their target price on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. B. Riley increased their price target on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PubMatic has a consensus rating of “Hold” and a consensus price target of $12.44.

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.