Key Points
- PubMatic CFO Steven Pantelick sold 16,282 shares on April 6 at an average price of $8.44 for about $137,420, executed under a pre‑arranged Rule 10b5‑1 plan and reducing his stake by 28.27% to 41,319 shares; he also sold 16,747 shares on April 2 at $8.17.
- PubMatic recently beat quarterly estimates (EPS $0.29 vs. $0.16 consensus; revenue $80.05M vs. $76.12M) but remains unprofitable with a negative net margin (‑5.11%) and negative return on equity (‑5.64%).
- Analysts are mixed but overall optimistic: the consensus is a "Moderate Buy" with an average target of $12.63 versus the current stock price near $8.40, though ratings range from Strong Buy to Sell.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 16,282 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $8.44, for a total value of $137,420.08. Following the completion of the sale, the chief financial officer owned 41,319 shares of the company's stock, valued at $348,732.36. This trade represents a 28.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Steven Pantelick also recently made the following trade(s):
- On Thursday, April 2nd, Steven Pantelick sold 16,747 shares of PubMatic stock. The stock was sold at an average price of $8.17, for a total value of $136,822.99.
PubMatic Stock Performance
NASDAQ:PUBM opened at $8.41 on Thursday. The company has a market cap of $398.63 million, a PE ratio of -27.13 and a beta of 1.48. PubMatic, Inc. has a 52-week low of $6.15 and a 52-week high of $13.88. The stock has a 50-day simple moving average of $7.60 and a 200 day simple moving average of $8.23.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.13. The business had revenue of $80.05 million during the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. On average, research analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in PubMatic during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd boosted its position in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock valued at $39,000 after purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock valued at $61,000 after purchasing an additional 3,541 shares during the last quarter. BNP Paribas Financial Markets boosted its position in PubMatic by 120.8% during 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 last quarter. Finally, M&T Bank Corp acquired a new position in PubMatic during the fourth quarter valued at approximately $91,000. 64.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. B. Riley Financial upgraded PubMatic from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $10.00 to $10.50 in a report on Friday, February 27th. Wolfe Research reiterated an "outperform" rating and set a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Lake Street Capital upgraded PubMatic from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Rosenblatt Securities reiterated a "buy" rating and set a $21.00 price objective on shares of PubMatic in a report on Friday, March 20th. Finally, Wall Street Zen downgraded PubMatic from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PubMatic has an average rating of "Moderate Buy" and an average target price of $12.63.
Get Our Latest Analysis on PubMatic
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.
Further Reading
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