Key Points
- PubMatic CFO Steven Pantelick sold 19,716 shares for $341,283.96 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 65.57% to 10,353 shares. He has also sold shares in three earlier transactions since July.
- PubMatic shares opened at $17.59, near their 52-week high of $18.44, after the company beat quarterly estimates with revenue of $78.59 million and a loss of $0.03 per share.
- Analyst sentiment is generally positive, with a “Moderate Buy” consensus from 12 analysts and an average price target of $18.25; recent targets range from $13 to $22.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 19,716 shares of the business's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $17.31, for a total transaction of $341,283.96. Following the completion of the sale, the chief financial officer owned 10,353 shares in the company, valued at $179,210.43. This represents a 65.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Steven Pantelick also recently made the following trade(s):
- On Wednesday, August 12th, Steven Pantelick sold 22,203 shares of PubMatic stock. The shares were sold at an average price of $17.25, for a total transaction of $383,001.75.
- On Monday, July 6th, Steven Pantelick sold 12,548 shares of PubMatic stock. The stock was sold at an average price of $13.42, for a total transaction of $168,394.16.
- On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The stock was sold at an average price of $13.65, for a total transaction of $321,430.20.
PubMatic Stock Up 1.8%
PubMatic stock opened at $17.59 on Friday. The company's 50-day moving average price is $13.21 and its 200-day moving average price is $10.27. The company has a market cap of $801.22 million, a PE ratio of -58.63 and a beta of 1.54. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $18.44.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.15. The firm had revenue of $78.59 million during the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. As a group, sell-side analysts expect that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.
Institutional Trading of PubMatic
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simcoe Capital LLC bought a new stake in PubMatic in the fourth quarter worth about $3,625,000. CenterBook Partners LP grew its stake in shares of PubMatic by 53.3% during the fourth 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 during the last quarter. Quantinno Capital Management LP grew its stake in shares of PubMatic by 248.0% during the first quarter. Quantinno Capital Management LP now owns 206,815 shares of the company's stock valued at $1,692,000 after buying an additional 147,386 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of PubMatic by 26.3% during the first 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 last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of PubMatic in the first quarter worth approximately $1,687,000. 64.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on PUBM. Jefferies Financial Group raised their price objective on PubMatic from $10.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday. Royal Bank Of Canada boosted their target price on PubMatic from $11.00 to $13.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Evercore restated an "outperform" rating and set a $21.00 price target on shares of PubMatic in a report on Monday. Raymond James Financial upgraded PubMatic from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of PubMatic from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $18.25.
Check Out Our Latest Stock Analysis 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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