Key Points
- Andrew Woods, PubMatic's General Counsel, sold 5,710 shares on April 2 at an average price of $8.17 for proceeds of $46,650.70, reducing his stake by 7.55% to 69,882 shares.
- Several top insiders also sold stock at roughly $8.17 — including CEO Rajeev K. Goel (49,916 shares), CFO Steven Pantelick (16,747) and Chairman Amar K. Goel (6,528) — indicating broad insider selling.
- PubMatic posted an earnings beat (EPS $0.29 vs $0.16; revenue $80.05M vs $76.12M) but remains unprofitable, and analysts hold a consensus "Moderate Buy" with a $12.63 price target.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 5,710 shares of the firm's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $46,650.70. Following the sale, the general counsel directly owned 69,882 shares in the company, valued at approximately $570,935.94. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
PubMatic Price Performance
Shares of PUBM stock opened at $8.27 on Friday. The company has a 50 day moving average price of $7.55 and a 200-day moving average price of $8.23. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The firm has a market capitalization of $392.00 million, a PE ratio of -26.68 and a beta of 1.48.
PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.13. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. The company had revenue of $80.05 million for the quarter, compared to the consensus estimate of $76.12 million. Analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on PUBM shares. B. Riley Financial raised PubMatic from a "neutral" rating to a "buy" rating and increased their price target for the company from $10.00 to $10.50 in a report on Friday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $21.00 price objective on shares of PubMatic in a report on Friday, March 20th. Wall Street Zen downgraded PubMatic from a "hold" rating to a "sell" rating in a report on Saturday. Lake Street Capital raised PubMatic from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 27th. Finally, Wolfe Research restated an "outperform" rating and set a $14.00 price target on shares of PubMatic in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.63.
Get Our Latest Report on PUBM
More PubMatic News
Here are the key news stories impacting PubMatic this week:
- Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat
- Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary
- Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing
- Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing
- Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing
- Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing
Institutional Investors Weigh In On PubMatic
A number of hedge funds have recently modified their holdings of PUBM. Jane Street Group LLC grew its position in shares of PubMatic by 55.7% during the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company's stock valued at $1,000,000 after acquiring an additional 39,124 shares during the period. Creative Planning purchased a new stake in shares of PubMatic in the 2nd quarter worth $269,000. Rhumbline Advisers raised its holdings in PubMatic by 9.7% in the 2nd quarter. Rhumbline Advisers now owns 65,840 shares of the company's stock worth $819,000 after purchasing an additional 5,828 shares during the period. Hsbc Holdings PLC raised its holdings in PubMatic by 15.0% in the 2nd quarter. Hsbc Holdings PLC now owns 46,637 shares of the company's stock worth $596,000 after purchasing an additional 6,066 shares during the period. Finally, Invesco Ltd. lifted its position in PubMatic by 10.0% during the second quarter. Invesco Ltd. now owns 81,994 shares of the company's stock valued at $1,020,000 after purchasing an additional 7,468 shares in the last quarter. Institutional investors own 64.26% of the company's stock.
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.
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