Key Points
- PubMatic General Counsel Andrew Woods sold 38,331 shares at an average price of $17.96, generating approximately $688,425. The Rule 10b5-1 transaction reduced his direct holdings by 49.08% to 39,761 shares.
- PubMatic reported quarterly revenue of $78.59 million, exceeding analyst expectations of $68.95 million, while adjusted EPS of -$0.03 beat the consensus estimate of -$0.18.
- Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $18.28; recent targets include $20 from Citizens JMP and $21 from Evercore.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 38,331 shares of PubMatic stock in a transaction on Monday, August 10th. The shares were sold at an average price of $17.96, for a total transaction of $688,424.76. Following the completion of the sale, the general counsel directly owned 39,761 shares in the company, valued at $714,107.56. This represents a 49.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew Woods also recently made the following trade(s):
- On Thursday, July 2nd, Andrew Woods sold 5,758 shares of PubMatic stock. The stock was sold at an average price of $13.65, for a total transaction of $78,596.70.
PubMatic Stock Performance
NASDAQ:PUBM opened at $17.76 on Tuesday. The stock has a market capitalization of $824.77 million, a PE ratio of -59.20 and a beta of 1.54. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $18.44. The company has a fifty day moving average of $12.75 and a two-hundred day moving average of $10.01.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.15. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. The business had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. Research analysts forecast that PubMatic, Inc. will post -0.26 earnings per share for the current year.
Institutional Trading of PubMatic
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of PubMatic by 26.3% during 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 during the period. Wellington Management Group LLP grew its position in PubMatic by 10.1% in the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company's stock worth $12,159,000 after acquiring an additional 135,070 shares during the period. CenterBook Partners LP grew its position in PubMatic by 53.3% in the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock worth $10,174,000 after acquiring an additional 398,595 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in PubMatic by 9.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 929,249 shares of the company's stock worth $8,242,000 after acquiring an additional 77,566 shares during the last quarter. Finally, Millennium Management LLC increased its stake in 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 acquiring an additional 699,549 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on PUBM shares. Wall Street Zen raised PubMatic from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup reissued an "outperform" rating on shares of PubMatic in a research note on Friday. Citizens Jmp raised their price objective on PubMatic from $12.00 to $20.00 and gave the company a "market outperform" rating in a report on Friday. Evercore reaffirmed an "outperform" rating and set a $21.00 target price on shares of PubMatic in a research note on Monday. Finally, Royal Bank Of Canada lifted 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. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.28.
Check Out Our Latest Report on PubMatic
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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