Key Points
- PubMatic CEO Rajeev Goel sold 43,077 shares on June 18 at an average price of $11.30, totaling about $486,770. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Goel still directly owned 43,077 shares, reflecting a 50% decrease in his position. The disclosure was filed with the SEC.
- PubMatic recently reported quarterly results that beat expectations, with EPS of ($0.27) versus estimates of ($0.32) and revenue of $62.57 million. Analysts currently rate the stock a Moderate Buy with an average target price of $12.88.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 43,077 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $11.30, for a total transaction of $486,770.10. Following the sale, the chief executive officer directly owned 43,077 shares in the company, valued at $486,770.10. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PubMatic Price Performance
PUBM opened at $11.30 on Tuesday. The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $8.88. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $13.88. The stock has a market cap of $524.77 million, a P/E ratio of -29.74 and a beta of 1.56.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.05. The firm had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. Equities analysts expect that PubMatic, Inc. will post -0.26 EPS for the current year.
Institutional Trading of PubMatic
Several institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its stake in shares of PubMatic by 320.0% during the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company's stock worth $8,144,000 after purchasing an additional 699,549 shares in the last quarter. Simcoe Capital LLC purchased a new position in PubMatic in the 4th quarter valued at about $3,625,000. CenterBook Partners LP lifted its stake in PubMatic by 53.3% in the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock valued at $10,174,000 after buying an additional 398,595 shares in the last quarter. Renaissance Technologies LLC lifted its stake in PubMatic by 26.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company's stock valued at $12,602,000 after buying an additional 321,200 shares in the last quarter. Finally, UBS Group AG boosted its holdings in PubMatic by 254.7% in the 3rd quarter. UBS Group AG now owns 422,630 shares of the company's stock worth $3,499,000 after buying an additional 303,479 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on PUBM shares. Royal Bank Of Canada increased their target price on shares of PubMatic from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Wall Street Zen upgraded PubMatic from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. Lake Street Capital raised PubMatic from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. B. Riley Financial reiterated a "buy" rating on shares of PubMatic in a research report on Friday, May 8th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $21.00 price objective on shares of PubMatic in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PubMatic presently has an average rating of "Moderate Buy" and an average target price of $12.88.
Read Our Latest Stock Report on PUBM
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.
Further Reading
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