PubMatic (NASDAQ:PUBM) CEO Sells $332,200.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of PubMatic stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $7.55, for a total transaction of $332,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PubMatic Trading Up 4.4%

NASDAQ PUBM traded up $0.33 on Thursday, hitting $7.79. 593,580 shares of the company were exchanged, compared to its average volume of 414,687. The company has a market cap of $361.61 million, a PE ratio of -41.00 and a beta of 1.49. The stock has a fifty day moving average of $8.75 and a 200-day moving average of $9.23. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.32.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $67.96 million for the quarter, compared to analyst estimates of $63.95 million. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. On average, analysts expect that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

PUBM has been the subject of a number of research reports. Wall Street Zen cut PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Evercore ISI increased their target price on PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. B. Riley boosted their price target on shares of PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PubMatic currently has a consensus rating of “Hold” and an average target price of $12.44.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in shares of PubMatic by 55.7% in the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock worth $1,000,000 after acquiring an additional 39,124 shares in the last quarter. Strs Ohio purchased a new position in PubMatic during the first quarter worth about $284,000. Public Employees Retirement System of Ohio purchased a new position in PubMatic during the second quarter worth about $419,000. CWM LLC grew its position in PubMatic by 506.1% in 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. Finally, Diversified Investment Strategies LLC purchased a new stake in PubMatic in the 2nd quarter valued at about $995,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Company Profile

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.