Key Points
- PubMatic CEO Rajeev Goel sold 44,000 shares on April 27 at an average price of $9.78 under a pre-arranged Rule 10b5-1 plan, generating $430,320 and leaving him with 21,206 shares—about a 67.48% drop in his ownership.
- Recent results are mixed: PubMatic beat expectations with $0.29 EPS (vs. $0.16) and $80.05M revenue (vs. $76.12M), but still shows a negative net margin (-5.11%) and ROE (-5.64%), while the stock trades near $9.72 with a market cap of ~$460.8M.
- Analyst and institutional backdrop: MarketBeat lists a consensus "Moderate Buy" target of $12.63 amid mixed ratings (one Strong Buy, six Buy, one Hold, one Sell) and about 64.26% institutional ownership.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $9.78, for a total value of $430,320.00. Following the completion of the sale, the chief executive officer directly owned 21,206 shares of the company's stock, valued at $207,394.68. This represents a 67.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PubMatic Trading Down 0.6%
PUBM opened at $9.72 on Thursday. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.88. The stock has a market capitalization of $460.78 million, a price-to-earnings ratio of -31.35 and a beta of 1.48. The business has a 50 day moving average of $8.41 and a 200-day moving average of $8.33.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The company had revenue of $80.05 million during the quarter, compared to analysts' expectations of $76.12 million. Equities analysts predict that PubMatic, Inc. will post -0.38 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on PUBM shares. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a research report on Tuesday, April 21st. Wolfe Research reissued an "outperform" rating and issued a $14.00 price objective on shares of PubMatic in a research report on Monday, January 5th. Lake Street Capital raised PubMatic from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 27th. Wall Street Zen raised PubMatic from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Finally, B. Riley Financial raised PubMatic from a "neutral" rating to a "buy" rating and increased their price objective for the company from $10.00 to $10.50 in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PubMatic presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.63.
Get Our Latest Research Report on PubMatic
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Diversified Trust Co lifted its position in PubMatic by 13.1% in the third quarter. Diversified Trust Co now owns 14,704 shares of the company's stock worth $122,000 after purchasing an additional 1,699 shares during the period. Barclays PLC lifted its position in PubMatic by 1.4% in the fourth quarter. Barclays PLC now owns 126,189 shares of the company's stock worth $1,119,000 after purchasing an additional 1,723 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock worth $39,000 after purchasing an additional 1,915 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PubMatic by 1.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company's stock worth $1,757,000 after purchasing an additional 2,654 shares during the period. Finally, Quarry LP bought a new position in PubMatic in the fourth quarter worth $30,000. 64.26% of the stock is owned by 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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