PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $7.48, for a total value of $329,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PubMatic Trading Up 0.3%

NASDAQ:PUBM opened at $7.40 on Friday. The stock has a 50 day simple moving average of $8.35 and a 200 day simple moving average of $10.15. The stock has a market cap of $338.33 million, a P/E ratio of -105.70 and a beta of 1.50. PubMatic, Inc. has a 1-year low of $7.01 and a 1-year high of $17.74.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PUBM shares. JMP Securities reduced their price target on PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Lake Street Capital lowered PubMatic from a “buy” rating to a “hold” rating and reduced their target price for the stock from $19.00 to $9.50 in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Scotiabank cut their price objective on shares of PubMatic from $15.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 12th. Finally, Evercore ISI decreased their target price on shares of PubMatic from $16.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in shares of PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after acquiring an additional 3,541 shares during the last quarter. CWM LLC increased its position in PubMatic by 506.1% during the 2nd quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after purchasing an additional 4,980 shares in the last quarter. Headlands Technologies LLC acquired a new position in PubMatic during the 1st quarter worth approximately $69,000. Quantbot Technologies LP bought a new position in PubMatic in the 1st quarter valued at approximately $78,000. Finally, State of Wyoming acquired a new stake in shares of PubMatic during the first quarter valued at about $82,000. 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.