Insider Selling: PubMatic (NASDAQ:PUBM) CEO Sells $486,770.10 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 43,077 shares of PubMatic stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $11.30, for a total transaction of $486,770.10. Following the completion of the transaction, the chief executive officer directly owned 43,077 shares of the company’s stock, valued at approximately $486,770.10. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Price Performance

PubMatic stock opened at $11.92 on Thursday. The company’s 50-day moving average is $10.55 and its 200-day moving average is $8.91. The firm has a market capitalization of $553.56 million, a PE ratio of -31.37 and a beta of 1.57. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $13.88.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The business had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. As a group, analysts expect that PubMatic, Inc. will post -0.26 EPS for the current year.

Institutional Trading of PubMatic

Several institutional investors have recently added to or reduced their stakes in the company. Roubaix Capital LLC bought a new stake in shares of PubMatic in the third quarter valued at about $2,247,000. Acuitas Investments LLC increased its position in PubMatic by 142.8% during the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after acquiring an additional 209,159 shares during the period. Simcoe Capital LLC bought a new position in PubMatic during the fourth quarter worth about $3,625,000. CenterBook Partners LP boosted its holdings in PubMatic by 53.3% in the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock valued at $10,174,000 after purchasing an additional 398,595 shares during the period. Finally, Savant Capital LLC bought a new stake in PubMatic in the 4th quarter valued at about $110,000. 64.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on PUBM. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Royal Bank Of Canada upped their price objective on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Rosenblatt Securities restated a “buy” rating and set a $21.00 target price on shares of PubMatic in a research note on Thursday, April 23rd. Finally, Lake Street Capital raised shares of PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.