Insider Selling: PubMatic (NASDAQ:PUBM) CFO Sells $136,822.99 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 16,747 shares of PubMatic stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $136,822.99. Following the transaction, the chief financial officer directly owned 57,601 shares of the company’s stock, valued at $470,600.17. The trade was a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 5th, Steven Pantelick sold 18,398 shares of PubMatic stock. The shares were sold at an average price of $8.81, for a total transaction of $162,086.38.

PubMatic Stock Performance

Shares of NASDAQ PUBM remained flat at $8.27 during midday trading on Friday. The stock had a trading volume of 618,175 shares, compared to its average volume of 731,930. PubMatic, Inc. has a 12-month low of $6.15 and a 12-month high of $13.88. The firm has a market capitalization of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48. The business’s 50-day moving average price is $7.54 and its 200 day moving average price is $8.23.

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

Institutional Investors Weigh In On PubMatic

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its stake in PubMatic by 320.0% in the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock valued at $8,144,000 after purchasing an additional 699,549 shares during the last quarter. CenterBook Partners LP lifted its position in shares of PubMatic by 239.0% during the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after buying an additional 527,650 shares during the last quarter. Simcoe Capital LLC bought a new stake in shares of PubMatic in the 4th quarter valued at about $3,625,000. UBS Group AG boosted its holdings in shares of PubMatic by 254.7% in the 3rd quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after buying an additional 303,479 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new position in shares of PubMatic in the 3rd quarter worth approximately $2,247,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PUBM has been the subject of several recent research reports. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price target on shares of PubMatic in a report on Friday, March 20th. B. Riley Financial raised shares of PubMatic from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.00 to $10.50 in a research report on Friday, February 27th. Finally, Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

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.