PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CEO Rajeev Goel sold 49,979 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $12.35, for a total transaction of $617,240.65. Following the completion of the sale, the chief executive officer directly owned 31,692 shares in the company, valued at approximately $391,396.20. The trade was a 61.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PubMatic Stock Performance
NASDAQ:PUBM traded up $0.41 during mid-day trading on Tuesday, hitting $13.20. 59,493 shares of the company’s stock traded hands, compared to its average volume of 671,466. The company has a market cap of $613.05 million, a PE ratio of -34.71 and a beta of 1.51. The firm’s 50 day simple moving average is $12.10 and its 200 day simple moving average is $9.59. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $14.04.
PubMatic (NASDAQ:PUBM – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.05. The company had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. On average, research analysts expect that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Report on PUBM
Institutional Trading of PubMatic
A number of hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in PubMatic in the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares during the period. State of Wyoming acquired a new stake in shares of PubMatic during the first quarter worth $61,000. Tower Research Capital LLC TRC boosted its holdings 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 last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the period. Institutional investors and hedge funds own 64.26% of the company’s stock.
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.
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