Insider Selling: PubMatic (NASDAQ:PUBM) General Counsel Sells 4,131 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 4,131 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $8.23, for a total value of $33,998.13. Following the sale, the general counsel directly owned 51,495 shares of the company’s stock, valued at $423,803.85. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PubMatic Price Performance

Shares of PUBM stock opened at $8.44 on Friday. The stock has a market cap of $385.88 million, a PE ratio of -120.55 and a beta of 1.50. The stock has a 50-day moving average of $9.13 and a 200-day moving average of $10.26. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.74.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The company had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PUBM shares. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price target on shares of PubMatic in a research note on Tuesday, September 9th. B. Riley cut PubMatic from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada lowered their target price on PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PubMatic currently has a consensus rating of “Hold” and a consensus price target of $12.44.

Institutional Trading of PubMatic

A number of large investors have recently bought and sold shares of the business. Graham Holdings Co increased its stake in PubMatic by 21.4% during the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock worth $25,880,000 after purchasing an additional 500,000 shares in the last quarter. Wellington Management Group LLP increased its stake in PubMatic by 20.0% during the 1st quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company’s stock worth $9,852,000 after purchasing an additional 179,951 shares in the last quarter. Geode Capital Management LLC increased its stake in PubMatic by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 985,948 shares of the company’s stock worth $12,267,000 after purchasing an additional 49,209 shares in the last quarter. Nixon Capital LLC grew its stake in shares of PubMatic by 8.7% during the 1st quarter. Nixon Capital LLC now owns 628,753 shares of the company’s stock worth $5,747,000 after acquiring an additional 50,494 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of PubMatic by 37.4% during the 2nd quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock worth $7,810,000 after acquiring an additional 171,106 shares in the last quarter. 64.26% of the stock is owned by institutional investors.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.