PubMatic (NASDAQ:PUBM) CFO Sells 12,548 Shares

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 12,548 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.42, for a total transaction of $168,394.16. Following the completion of the sale, the chief financial officer owned 52,272 shares in the company, valued at approximately $701,490.24. This trade represents a 19.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.

Steven Pantelick also recently made the following trade(s):

• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The shares were sold at an average price of $13.65, for a total transaction of $321,430.20.

PubMatic Stock Down 0.2%

PubMatic stock traded down $0.03 during mid-day trading on Monday, hitting $13.52. 433,149 shares of the company’s stock were exchanged, compared to its average volume of 704,710. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $13.99. The firm has a market capitalization of $627.91 million, a P/E ratio of -35.58 and a beta of 1.51. The company’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $9.11.

PubMatic (NASDAQ:PUBM) last released 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. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The company had revenue of $62.57 million for the quarter, compared to analyst estimates of $60.42 million. Research analysts expect that PubMatic, Inc. will post -0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PUBM shares. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price objective on shares of PubMatic in a report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.88.

Institutional Trading of PubMatic

Several hedge funds and other institutional investors have recently modified their holdings of PUBM. Quarry LP bought a new position in PubMatic in the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd grew its position in shares of PubMatic by 75.6% in 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 during the last quarter. State of Wyoming bought a new position in shares of PubMatic during the first quarter worth approximately $61,000. Tower Research Capital LLC TRC increased its stake in shares of PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after purchasing an additional 4,856 shares during the last quarter. Institutional investors 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.