PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of the business's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $8.65, for a total transaction of $380,600.00. Following the sale, the chief executive officer owned 21,206 shares in the company, valued at $183,431.90. This trade represents a 67.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PubMatic Price Performance
Shares of NASDAQ:PUBM opened at $8.79 on Wednesday. The firm has a market capitalization of $416.65 million, a PE ratio of -28.35 and a beta of 1.48. The firm's 50-day moving average is $7.72 and its two-hundred day moving average is $8.23. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $13.88.
PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. Analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $21.00 price target on shares of PubMatic in a research note on Friday, March 20th. Weiss Ratings reiterated a "sell (d)" rating on shares of PubMatic in a research note on Thursday, January 22nd. Wolfe Research reiterated an "outperform" rating and set a $14.00 price target on shares of PubMatic in a research note on Monday, January 5th. B. Riley Financial upgraded shares of PubMatic from a "neutral" rating to a "buy" rating and upped their target price for the stock from $10.00 to $10.50 in a research note on Friday, February 27th. Finally, Lake Street Capital upgraded shares of PubMatic from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 27th. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.63.
Read Our Latest Analysis on PUBM
Institutional Trading of PubMatic
A number of large investors have recently made changes to their positions in PUBM. Quarry LP purchased a new stake in shares of PubMatic during the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock worth $39,000 after buying an additional 1,915 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock worth $61,000 after buying an additional 3,541 shares during the period. BNP Paribas Financial Markets increased its stake in shares of PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company's stock worth $73,000 after buying an additional 4,856 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of PubMatic during the fourth quarter worth approximately $91,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.
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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