Charles Schwab Investment Management Inc. Decreases Position in PubMatic, Inc. $PUBM

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in PubMatic, Inc. by 15.0%, selling 57,718 shares to hold a total of 327,370 shares worth approximately $2,992,000.
• Wall Street analysts have notably downgraded PubMatic, with prices targets lowered by several firms, including Lake Street Capital from $19.00 to $9.50 and B. Riley from $17.00 to $9.00.
• Insider transactions include CEO Rajeev K. Goel selling 44,000 shares for about $496,320, indicating significant insider activity amidst a broader trend of net insider sales amounting to $3,847,638 in the last ninety days.

Charles Schwab Investment Management Inc. trimmed its position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 15.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 327,370 shares of the company's stock after selling 57,718 shares during the period. Charles Schwab Investment Management Inc. owned about 0.67% of PubMatic worth $2,992,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in shares of PubMatic during the 1st quarter valued at approximately $2,455,000. Millennium Management LLC boosted its holdings in PubMatic by 76.0% in the 4th quarter. Millennium Management LLC now owns 361,381 shares of the company's stock worth $5,309,000 after buying an additional 156,095 shares during the period. Wellington Management Group LLP boosted its holdings in PubMatic by 19.4% in the 4th quarter. Wellington Management Group LLP now owns 897,970 shares of the company's stock worth $13,191,000 after buying an additional 145,641 shares during the period. Dimensional Fund Advisors LP boosted its holdings in PubMatic by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock worth $22,531,000 after buying an additional 84,317 shares during the period. Finally, Graham Capital Management L.P. bought a new position in PubMatic in the 4th quarter worth approximately $680,000. 64.26% of the stock is owned by institutional investors.

Insider Activity at PubMatic

In other news, General Counsel Andrew Woods sold 4,084 shares of PubMatic stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.56, for a total transaction of $51,295.04. Following the completion of the sale, the general counsel directly owned 44,130 shares of the company's stock, valued at approximately $554,272.80. The trade was a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven Pantelick sold 3,676 shares of PubMatic stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $8.44, for a total transaction of $31,025.44. Following the sale, the chief financial officer directly owned 27,026 shares of the company's stock, valued at $228,099.44. This represents a 11.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 307,962 shares of company stock worth $3,552,638 in the last three months. 26.42% of the stock is owned by insiders.

PubMatic Stock Down 1.0%

NASDAQ:PUBM traded down $0.09 during trading hours on Monday, hitting $8.67. The stock had a trading volume of 364,873 shares, compared to its average volume of 916,523. The company has a 50 day simple moving average of $11.14 and a two-hundred day simple moving average of $10.88. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted 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). PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $67.77 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The business's revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. Analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on PUBM. Royal Bank Of Canada cut their price objective on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Lake Street Capital downgraded shares of PubMatic from a "buy" rating to a "hold" rating and cut their price objective for the stock from $19.00 to $9.50 in a report on Tuesday, August 12th. Rosenblatt Securities began coverage on shares of PubMatic in a report on Thursday, August 21st. They issued a "buy" rating and a $17.00 price objective for the company. B. Riley downgraded shares of PubMatic from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. Finally, Evercore ISI cut their price objective on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.44.

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.