Key Points
- CFO Steven Pantelick sold 23,491 PubMatic shares at an average price of $18.97, totaling $445,624.27. The sale covered tax-withholding obligations tied to vested equity awards and reduced his direct ownership by 41.94% to 32,526 shares.
- PubMatic reported quarterly revenue of $78.59 million and an adjusted EPS loss of $0.03, beating analyst estimates of $68.95 million in revenue and a $0.18 loss. Shares opened at $18.60, near their 52-week high of $19.48.
- Analyst sentiment remains favorable, with 11 Buy ratings and an average target price of $19.73; several firms raised their targets to $21.00. Institutional investors own approximately 64.26% of the company.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 5,744 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $18.97, for a total transaction of $108,963.68. Following the transaction, the general counsel directly owned 49,840 shares in the company, valued at approximately $945,464.80. The trade was a 10.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Andrew Woods also recently made the following trade(s):
- On Monday, August 10th, Andrew Woods sold 38,331 shares of PubMatic stock. The stock was sold at an average price of $17.96, for a total transaction of $688,424.76.
PubMatic Stock Up 1.0%
Shares of PUBM opened at $18.60 on Tuesday. The company's fifty day moving average is $16.60 and its 200-day moving average is $12.79. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $19.48. The firm has a market cap of $847.23 million, a price-to-earnings ratio of -62.00 and a beta of 1.56.
PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $68.95 million. As a group, research analysts predict that PubMatic, Inc. will post -0.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company's stock worth $12,602,000 after acquiring an additional 321,200 shares during the last quarter. CenterBook Partners LP grew its position in shares of PubMatic by 53.3% in the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock valued at $10,174,000 after purchasing an additional 398,595 shares during the last quarter. S Squared Technology LLC grew its position in shares of PubMatic by 7.7% in the fourth quarter. S Squared Technology LLC now owns 280,972 shares of the company's stock valued at $2,492,000 after purchasing an additional 20,000 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of PubMatic in the second quarter worth about $2,076,000. Finally, Quantinno Capital Management LP increased its stake in shares of PubMatic by 248.0% in the first quarter. Quantinno Capital Management LP now owns 206,815 shares of the company's stock worth $1,692,000 after purchasing an additional 147,386 shares during the period. Institutional investors own 64.26% of the company's stock.
Key Headlines Impacting PubMatic
Here are the key news stories impacting PubMatic this week:
- Positive Sentiment: New Southeast Asia campaign: PubMatic and The Media Shop launched what they describe as Southeast Asia’s first agentic luxury advertising campaign. The partnership highlights PubMatic’s programmatic advertising technology and could support future customer adoption and revenue growth. The Media Shop and PubMatic Launch Southeast Asia’s First Agentic Luxury Campaign
- Positive Sentiment: Analyst sentiment remains constructive: Wall Street brokerages collectively rate PubMatic “Moderate Buy,” which may reinforce investor confidence as the stock trades well above its 50-day and 200-day moving averages. PubMatic Stock Rated Moderate Buy by Wall Street Brokerages
- Neutral Sentiment: Executive stock sales disclosed: CEO Rajeev Goel, CFO Steven Pantelick, Chairman Amar Goel, General Counsel Andrew Woods and insider Mukul Kumar collectively sold 94,648 shares for approximately $1.80 million at an average price of $18.97. The filings state that the transactions were made to cover tax-withholding obligations tied to vested equity awards, which makes them less negative than discretionary sales but still reduces insider ownership and could weigh on sentiment. SEC filing for PubMatic insider transactions
Analysts Set New Price Targets
A number of brokerages have weighed in on PUBM. Jefferies Financial Group boosted their price target on PubMatic from $10.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Rosenblatt Securities increased their price objective on PubMatic from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, August 7th. Scotiabank raised PubMatic from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $8.00 to $21.00 in a report on Friday, August 7th. B. Riley Financial raised their price objective on PubMatic from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Friday, September 18th. Finally, Citigroup restated an "outperform" rating on shares of PubMatic in a report on Friday, August 7th. Eleven investment analysts have rated the stock with 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, the company has an average rating of "Moderate Buy" and a consensus target price of $19.73.
Get Our Latest Stock Report on PubMatic
PubMatic Company Profile
(
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PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.
The company's platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.
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