American Century Companies Inc. Has $2.14 Million Stock Holdings in PubMatic, Inc. $PUBM

American Century Companies Inc. trimmed its holdings in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 14.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,697 shares of the company's stock after selling 38,167 shares during the quarter. American Century Companies Inc. owned 0.48% of PubMatic worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after acquiring an additional 2,785 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of PubMatic in the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PubMatic in the fourth quarter valued at approximately $57,000. Headlands Technologies LLC bought a new stake in shares of PubMatic in the first quarter valued at approximately $69,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of PubMatic by 75.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after acquiring an additional 2,240 shares during the period. 64.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, August 18th. The stock was sold at an average price of $8.42, for a total transaction of $370,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Pantelick sold 15,690 shares of PubMatic stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $12.82, for a total value of $201,145.80. Following the transaction, the chief financial officer directly owned 30,702 shares of the company's stock, valued at approximately $393,599.64. The trade was a 33.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 354,914 shares of company stock valued at $3,931,133 in the last ninety days. Insiders own 26.42% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PUBM. Lake Street Capital cut PubMatic from a "buy" rating to a "hold" rating and reduced their price objective for the company from $19.00 to $9.50 in a research report on Tuesday, August 12th. Evercore ISI reduced their target price on PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. Royal Bank Of Canada reduced their target price on PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Scotiabank reduced their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 12th. Finally, JMP Securities reduced their target price on PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, PubMatic presently has an average rating of "Moderate Buy" and a consensus price target of $12.44.

PubMatic Stock Performance

Shares of NASDAQ PUBM traded up $0.06 during midday trading on Friday, reaching $8.37. 334,048 shares of the company traded hands, compared to its average volume of 888,535. The firm has a market cap of $382.68 million, a PE ratio of -119.55 and a beta of 1.51. The stock's 50-day simple moving average is $10.85 and its 200-day simple moving average is $10.66. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.13). The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

PubMatic Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.