Amar Goel Sells 7,158 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 7,158 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $8.73, for a total transaction of $62,489.34. Following the transaction, the chairman owned 12,496 shares of the company’s stock, valued at $109,090.08. This trade represents a 36.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PubMatic Price Performance

Shares of PUBM traded down $0.16 during midday trading on Wednesday, reaching $8.67. The stock had a trading volume of 484,334 shares, compared to its average volume of 424,627. The company has a market cap of $402.46 million, a price-to-earnings ratio of -45.63 and a beta of 1.49. The company’s fifty day simple moving average is $8.86 and its two-hundred day simple moving average is $9.52. PubMatic, Inc. has a 1-year low of $7.01 and a 1-year high of $17.32.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Evercore ISI upped their price target on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Rosenblatt Securities increased their price target on shares of PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a research report on Monday. Finally, B. Riley increased their target price on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Five 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PUBM. Rhumbline Advisers boosted its holdings in shares of PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock valued at $548,000 after acquiring an additional 1,341 shares during the period. Diversified Trust Co raised its position in PubMatic by 13.1% in the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after purchasing an additional 1,699 shares during the last quarter. Barclays PLC boosted its stake in PubMatic by 1.9% during the 3rd quarter. Barclays PLC now owns 124,466 shares of the company’s stock worth $1,031,000 after purchasing an additional 2,353 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PubMatic by 1.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after purchasing an additional 2,654 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in PubMatic by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock worth $4,436,000 after purchasing an additional 3,263 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.