Key Points
- CEO Rajeev Goel sold 211,302 PubMatic shares for approximately $3.75 million at an average price of $17.74, reducing his ownership by 86.96% to 31,692 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- PubMatic’s second-quarter results beat expectations, with revenue of $78.6 million and adjusted EPS of $0.12 versus estimates of $69.0 million and a $0.18 loss, respectively. Management forecast third-quarter revenue of $75 million to $77 million, ahead of analyst expectations.
- Analyst sentiment remains broadly positive, with multiple firms raising price targets and the stock carrying a “Moderate Buy” consensus rating; however, planned capital expenditures of $20 million to $25 million and an upcoming CFO transition could pressure cash flow and execution.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 211,302 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $17.74, for a total value of $3,748,497.48. Following the completion of the sale, the chief executive officer owned 31,692 shares of the company's stock, valued at $562,216.08. This trade represents a 86.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
PubMatic Stock Performance
Shares of PUBM stock opened at $17.78 on Friday. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $18.44. The stock has a market cap of $825.70 million, a PE ratio of -59.26 and a beta of 1.54. The business's fifty day moving average is $12.64 and its 200-day moving average is $9.92.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.30. The company had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative return on equity of 5.33% and a negative net margin of 4.66%. Equities research analysts predict that PubMatic, Inc. will post -0.26 earnings per share for the current year.
More PubMatic News
Here are the key news stories impacting PubMatic this week:
- Positive Sentiment: PubMatic reported second-quarter revenue of $78.6 million, well above the $69.0 million consensus estimate, while adjusted earnings of $0.12 per share surpassed expectations. Revenue growth, improved profitability, and momentum across AgenticOS, connected TV, and mobile applications drove investor optimism. PubMatic Announces Second Quarter 2026 Financial Results
- Positive Sentiment: Management forecast third-quarter revenue of $75 million to $77 million, above the roughly $71.1 million analyst consensus. The company also highlighted expansion of its AI-driven “agentic advertising” platform, supporting expectations for continued growth. PubMatic Q3 Outlook
- Positive Sentiment: Analysts raised their price targets following the results. Citizens JMP increased its target to $20 with a market-outperform rating, while Rosenblatt raised its target to $23 and maintained a buy rating. Rosenblatt Raises PubMatic Price Target
- Neutral Sentiment: PubMatic will participate in upcoming financial conferences, giving management an opportunity to discuss its strategy and growth outlook with investors. PubMatic Conference Participation
- Negative Sentiment: The company plans to increase capital expenditures to approximately $20 million-$25 million as it expands its platform, which could pressure near-term free cash flow. PubMatic also announced the planned retirement of CFO Steve Pantelick, introducing a management-transition risk.
Wall Street Analysts Forecast Growth
PUBM has been the subject of a number of research analyst reports. Rosenblatt Securities upped their price target on shares of PubMatic from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday. Raymond James Financial raised shares of PubMatic from a "market perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a research note on Friday. Lake Street Capital reaffirmed a "buy" rating and issued a $20.00 price objective on shares of PubMatic in a research note on Friday. Weiss Ratings reiterated a "sell (d)" rating on shares of PubMatic in a report on Friday, July 17th. Finally, Royal Bank Of Canada increased their target price on shares of PubMatic from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, PubMatic currently has a consensus rating of "Moderate Buy" and an average price target of $17.39.
Check Out Our Latest Stock Analysis on PUBM
Institutional Investors Weigh In On PubMatic
A number of institutional investors and hedge funds have recently modified their holdings of PUBM. Quarry LP purchased a new stake in shares of PubMatic during the fourth quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of PubMatic by 75.6% in the 4th 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 period. Tower Research Capital LLC TRC increased its stake in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock worth $61,000 after purchasing an additional 3,541 shares in the last quarter. State of Wyoming purchased a new position in PubMatic in the 1st quarter worth about $61,000. Finally, BNP Paribas Financial Markets increased its stake in PubMatic by 120.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company's stock worth $73,000 after purchasing an additional 4,856 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.
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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