Key Points
- CEO Rajeev Goel sold 44,000 shares on Feb. 17 at an average price of $6.28 for total proceeds of $276,320, a transaction disclosed via an SEC Form 4 filing.
- PubMatic shares were trading around $6.64 (near the 12‑month low of $6.15) with a market cap of about $308 million and 50‑/200‑day simple moving averages of $7.87 and $8.44, respectively.
- Institutional ownership stands at 64.26% with several funds (Wellington, CenterBook, Millennium) increasing stakes, while analysts are mixed—consensus rating "Hold" with an average target of $12.44.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $6.28, for a total value of $276,320.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
PubMatic Price Performance
PubMatic stock traded up $0.08 during mid-day trading on Friday, reaching $6.64. 119,215 shares of the company were exchanged, compared to its average volume of 607,264. The firm has a market cap of $308.00 million, a PE ratio of -34.95 and a beta of 1.58. The company has a fifty day simple moving average of $7.87 and a 200-day simple moving average of $8.44. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $15.02.
Institutional Investors Weigh In On PubMatic
A number of hedge funds have recently made changes to their positions in PUBM. Wellington Management Group LLP increased its position in PubMatic by 10.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company's stock worth $12,159,000 after purchasing an additional 135,070 shares in the last quarter. CenterBook Partners LP grew its stake in shares of PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock worth $10,174,000 after buying an additional 398,595 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of PubMatic by 5.3% during the second quarter. Geode Capital Management LLC now owns 985,948 shares of the company's stock worth $12,267,000 after buying an additional 49,209 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of PubMatic by 9.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 929,249 shares of the company's stock valued at $8,242,000 after acquiring an additional 77,566 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of PubMatic by 320.0% in the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company's stock valued at $8,144,000 after acquiring an additional 699,549 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on PUBM shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PubMatic in a research report on Thursday, January 22nd. B. Riley Financial boosted their target price on shares of PubMatic from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, November 11th. Rosenblatt Securities upped their price target on shares of PubMatic from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 11th. Wolfe Research reissued an "outperform" rating and issued a $14.00 price objective on shares of PubMatic in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded shares of PubMatic from a "hold" rating to a "sell" rating in a research report on Saturday, January 10th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PubMatic currently has a consensus rating of "Hold" and an average target price of $12.44.
View Our Latest Stock Analysis on PUBM
About PubMatic
(
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.
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