PubMatic, Inc. $PUBM Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in PubMatic, Inc. (NASDAQ:PUBM) by 248.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 206,815 shares of the company’s stock after acquiring an additional 147,386 shares during the quarter. Quantinno Capital Management LP’s holdings in PubMatic were worth $1,692,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quarry LP purchased a new stake in shares of PubMatic during the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its position in PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,915 shares in the last quarter. State of Wyoming purchased a new position in PubMatic in the 1st quarter worth approximately $61,000. Tower Research Capital LLC TRC boosted its holdings in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after acquiring an additional 3,541 shares during the period. Finally, BNP Paribas Financial Markets grew its position in PubMatic by 120.8% in 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 in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PUBM. Jefferies Financial Group lifted their price objective on shares of PubMatic from $10.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday. Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of PubMatic in a report on Monday. Rosenblatt Securities lifted their price target on shares of PubMatic from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $8.00 to $21.00 in a report on Friday, August 7th. Finally, Citigroup reissued an “outperform” rating on shares of PubMatic in a research report 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 issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.25.

Insiders Place Their Bets

In related news, CFO Steven Pantelick sold 23,548 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total transaction of $321,430.20. Following the sale, the chief financial officer directly owned 64,820 shares of the company’s stock, valued at approximately $884,793. This represents a 26.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Andrew Woods sold 38,331 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $17.96, for a total value of $688,424.76. Following the sale, the general counsel directly owned 39,761 shares in the company, valued at approximately $714,107.56. This represents a 49.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 573,917 shares of company stock valued at $8,431,616 in the last quarter. Insiders own 27.78% of the company’s stock.

PubMatic Stock Performance

Shares of PubMatic stock opened at $17.18 on Thursday. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $18.44. The firm’s 50-day simple moving average is $12.98 and its 200-day simple moving average is $10.15. The firm has a market cap of $797.84 million, a PE ratio of -57.26 and a beta of 1.54.

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

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.