Steven Pantelick Sells 18,398 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 18,398 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $8.81, for a total transaction of $162,086.38. Following the completion of the transaction, the chief financial officer owned 28,685 shares of the company’s stock, valued at approximately $252,714.85. This trade represents a 39.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, January 2nd, Steven Pantelick sold 12,567 shares of PubMatic stock. The shares were sold at an average price of $8.61, for a total value of $108,201.87.

PubMatic Trading Up 2.0%

PUBM stock traded up $0.17 during mid-day trading on Monday, reaching $8.76. 444,488 shares of the stock traded hands, compared to its average volume of 459,099. The stock’s fifty day moving average is $8.86 and its 200-day moving average is $9.54. The company has a market cap of $406.64 million, a P/E ratio of -46.11 and a beta of 1.49. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.32.

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

More PubMatic News

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)

Institutional Investors Weigh In On PubMatic

A number of hedge funds have recently added to or reduced their stakes in PUBM. State of Wyoming acquired a new position in PubMatic during the 1st quarter valued at about $82,000. Graham Capital Management L.P. increased its stake in shares of PubMatic by 23.0% during the 1st quarter. Graham Capital Management L.P. now owns 56,931 shares of the company’s stock worth $520,000 after purchasing an additional 10,636 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of PubMatic by 5,304.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 106,523 shares of the company’s stock valued at $974,000 after buying an additional 104,552 shares during the last quarter. Jane Street Group LLC increased its stake in shares of PubMatic by 55.7% in the first quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock worth $1,000,000 after purchasing an additional 39,124 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in PubMatic by 483.6% during the 1st quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after acquiring an additional 378,714 shares during the period. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Evercore ISI upped their price target on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Rosenblatt Securities raised their price target on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Wolfe Research reiterated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research note on Monday. Finally, B. Riley raised their price target on PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PubMatic presently has an average rating of “Hold” and an average price target of $12.44.

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.