Key Points
- Chairman Amar Goel sold 7,158 shares on Jan. 6 at an average price of $8.73 for about $62,489, cutting his stake by 36.42% to 12,496 shares valued near $109,090.
- PubMatic shares opened at $8.67 and trade in a 12‑month range of $7.01–$17.32 with a market cap of $402.46M; the latest quarter showed $67.96M revenue and $0.03 EPS (beat), but the company still has negative net margin and return on equity.
- Analysts are mixed with a consensus "Hold" rating and $12.44 target, while institutional investors own 64.26% of the stock and several large funds recently increased their positions.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar Goel sold 7,158 shares of the firm's stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $8.73, for a total value of $62,489.34. Following the completion of the transaction, the chairman directly owned 12,496 shares of the company's stock, valued at approximately $109,090.08. This trade represents a 36.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
PubMatic Stock Down 1.8%
NASDAQ PUBM opened at $8.67 on Thursday. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.32. The stock has a market cap of $402.46 million, a P/E ratio of -45.63 and a beta of 1.49. The company's 50-day simple moving average is $8.86 and its 200 day simple moving average is $9.52.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted 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. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The firm had revenue of $67.96 million during the quarter, compared to analysts' expectations of $63.95 million. Research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.
Institutional Trading of PubMatic
Several hedge funds and other institutional investors have recently modified their holdings of PUBM. Wellington Management Group LLP boosted its position in shares of PubMatic by 10.1% during the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company's stock worth $12,159,000 after buying an additional 135,070 shares during the period. Geode Capital Management LLC boosted its position in PubMatic by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 985,948 shares of the company's stock worth $12,267,000 after acquiring an additional 49,209 shares during the last quarter. CenterBook Partners LP grew its stake in shares of PubMatic by 239.0% during the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company's stock worth $6,197,000 after acquiring an additional 527,650 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of PubMatic by 37.4% in the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company's stock valued at $7,810,000 after purchasing an additional 171,106 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of PubMatic by 254.7% in the third quarter. UBS Group AG now owns 422,630 shares of the company's stock worth $3,499,000 after purchasing an additional 303,479 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on PUBM. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of PubMatic from a "sell" rating to a "hold" rating in a report on Sunday, December 21st. Evercore ISI increased their target price on shares of PubMatic from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Tuesday, November 11th. Wolfe Research reissued an "outperform" rating and issued a $14.00 price target on shares of PubMatic in a report on Monday. Finally, Rosenblatt Securities upped their price objective on shares of PubMatic from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $12.44.
Read Our Latest Research Report on PUBM
PubMatic Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
