PubMatic (NASDAQ:PUBM) General Counsel Andrew Woods Sells 5,710 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 5,710 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $46,650.70. Following the completion of the sale, the general counsel owned 69,882 shares in the company, valued at approximately $570,935.94. This trade represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PubMatic Stock Performance

Shares of NASDAQ PUBM opened at $8.27 on Friday. The company has a 50 day simple moving average of $7.55 and a two-hundred day simple moving average of $8.23. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $13.88. The company has a market capitalization of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The firm had revenue of $80.05 million for the quarter, compared to analysts’ expectations of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. On average, analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of PubMatic

Institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings in shares of PubMatic by 12.2% in the 4th quarter. Hsbc Holdings PLC now owns 64,590 shares of the company’s stock worth $573,000 after purchasing an additional 7,034 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 purchasing an additional 1,915 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of PubMatic by 20.0% during the fourth quarter. Invesco Ltd. now owns 105,509 shares of the company’s stock valued at $936,000 after purchasing an additional 17,581 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of PubMatic during the fourth quarter valued at $199,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of PubMatic during the fourth quarter valued at $893,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PUBM. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research report on Monday, January 5th. B. Riley Financial upgraded 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 note on Friday, February 27th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of PubMatic in a research report on Friday, March 20th. Finally, Wall Street Zen lowered shares of PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PubMatic currently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Key Headlines Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat
• Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary
• Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing
• Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing
• Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing
• Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing

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.