Lisa Gimbel Sells 2,863 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 2,863 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $9.89, for a total transaction of $28,315.07. Following the completion of the transaction, the chief accounting officer directly owned 13,677 shares in the company, valued at $135,265.53. This trade represents a 17.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PubMatic Stock Performance

PUBM stock opened at $9.88 on Thursday. PubMatic, Inc. has a one year low of $6.15 and a one year high of $13.88. The company’s fifty day moving average price is $9.02 and its 200-day moving average price is $8.47. The company has a market capitalization of $458.86 million, a PE ratio of -26.00 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The firm had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. On average, research analysts predict that PubMatic, Inc. will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On PubMatic

Hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in PubMatic during the fourth quarter valued at $30,000. Caitong International Asset Management Co. Ltd increased its position in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after acquiring an additional 1,915 shares during the last quarter. State of Wyoming bought a new position in PubMatic during the first quarter valued at $61,000. Tower Research Capital LLC TRC increased its position in PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after acquiring an additional 3,541 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after acquiring an additional 4,856 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PUBM shares. Lake Street Capital raised shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Royal Bank Of Canada upped their price target on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.88.

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.