PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CAO Lisa Gimbel sold 1,396 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $17.04, for a total value of $23,787.84. Following the completion of the sale, the chief accounting officer directly owned 16,927 shares of the company’s stock, valued at approximately $288,436.08. This represents a 7.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Lisa Gimbel also recently made the following trade(s):
- On Wednesday, August 12th, Lisa Gimbel sold 500 shares of PubMatic stock. The stock was sold at an average price of $17.50, for a total transaction of $8,750.00.
PubMatic Stock Performance
Shares of PUBM opened at $16.78 on Thursday. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $18.44. The firm has a market cap of $764.33 million, a price-to-earnings ratio of -55.93 and a beta of 1.54. The firm has a 50 day moving average price of $13.56 and a 200-day moving average price of $10.49.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of PubMatic from $10.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research note on Friday, August 7th. Royal Bank Of Canada upped their price target on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen raised PubMatic from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Evercore reaffirmed an “outperform” rating and issued a $21.00 price target on shares of PubMatic in a research note on Monday, August 10th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and an average target price of $18.25.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in PUBM. Simcoe Capital LLC purchased a new stake in PubMatic in the fourth quarter worth $3,625,000. Quantinno Capital Management LP lifted its position in PubMatic by 248.0% during the first quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after buying an additional 147,386 shares during the period. CenterBook Partners LP boosted its holdings in shares of PubMatic by 53.3% during the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock valued at $10,174,000 after buying an additional 398,595 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after buying an additional 321,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of PubMatic in the 1st quarter worth about $1,687,000. Hedge funds and other institutional investors 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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