Key Points
- PubMatic CAO Lisa Gimbel sold 2,863 shares on May 18 at an average price of $9.89, totaling about $28,315. The sale reduced her direct holdings by 17.31%, and the filing says it was to cover tax withholding tied to vesting equity awards.
- PUBM shares were trading up about 1.5% and opened at $10.06, with the stock sitting between a 52-week low of $6.15 and high of $13.88. PubMatic currently has a market cap of roughly $467 million.
- Recent results and analyst views were mixed but improving: PubMatic beat quarterly EPS and revenue estimates in its latest report, while analysts’ consensus rating is still only Moderate Buy with an average price target of $12.88.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CAO Lisa Gimbel sold 2,863 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $9.89, for a total value of $28,315.07. Following the transaction, the chief accounting officer directly owned 13,677 shares in the company, valued at approximately $135,265.53. This represents a 17.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
PubMatic Trading Up 1.5%
Shares of PUBM opened at $10.06 on Wednesday. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The firm has a market cap of $467.19 million, a price-to-earnings ratio of -26.47 and a beta of 1.54. The stock has a 50 day moving average of $8.99 and a 200-day moving average of $8.46.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.05. The business had revenue of $62.57 million for the quarter, compared to analyst estimates of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. On average, sell-side analysts predict that PubMatic, Inc. will post -0.38 earnings per share for the current fiscal year.
Institutional Trading of PubMatic
A number of large investors have recently modified their holdings of PUBM. Jane Street Group LLC lifted its position in PubMatic by 55.7% in the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company's stock valued at $1,000,000 after purchasing an additional 39,124 shares during the last quarter. Creative Planning bought a new position in PubMatic in the 2nd quarter worth about $269,000. Rhumbline Advisers increased its stake in shares of PubMatic by 9.7% in the second quarter. Rhumbline Advisers now owns 65,840 shares of the company's stock valued at $819,000 after purchasing an additional 5,828 shares during the period. Hsbc Holdings PLC increased its stake in shares of PubMatic by 15.0% in the second quarter. Hsbc Holdings PLC now owns 46,637 shares of the company's stock valued at $596,000 after purchasing an additional 6,066 shares during the period. Finally, Invesco Ltd. grew its holdings in PubMatic by 10.0% in the 2nd quarter. Invesco Ltd. now owns 81,994 shares of the company's stock worth $1,020,000 after buying an additional 7,468 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.
Analyst Ratings Changes
PUBM has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PubMatic in a report on Tuesday, April 21st. Wall Street Zen raised shares of PubMatic from a "sell" rating to a "hold" rating in a report on Saturday, April 25th. Lake Street Capital upgraded PubMatic from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $21.00 target price on shares of PubMatic in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada increased their price target on PubMatic from $11.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.88.
Check Out Our Latest Stock Report 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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