PubMatic (NASDAQ:PUBM) Insider Mukul Kumar Sells 5,428 Shares

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,428 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $8.24, for a total value of $44,726.72. Following the completion of the sale, the insider owned 77,393 shares of the company’s stock, valued at approximately $637,718.32. This trade represents a 6.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

PubMatic Stock Performance

PUBM stock opened at $8.44 on Friday. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.74. The firm has a market cap of $385.88 million, a P/E ratio of -120.55 and a beta of 1.50. The stock has a 50-day simple moving average of $9.13 and a 200-day simple moving average of $10.26.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of PubMatic by 2.3% in the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock worth $548,000 after purchasing an additional 1,341 shares during the last quarter. US Bancorp DE lifted its holdings in shares of PubMatic by 21.3% in the 1st quarter. US Bancorp DE now owns 14,736 shares of the company’s stock worth $135,000 after purchasing an additional 2,591 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PubMatic by 1.9% in 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. GAMMA Investing LLC lifted its holdings in shares of PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after purchasing an additional 2,785 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of PubMatic by 1.0% in 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 own 64.26% of the company’s stock.

PubMatic Company Profile

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.