Connor Clark & Lunn Investment Management Ltd. Has $358,000 Stock Position in PubMatic, Inc. $PUBM

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly reduced its stake in PubMatic, Inc. by 52.6%, now owning 39,209 shares worth approximately $358,000 after selling 43,539 shares.
• PubMatic's stock is currently trading around $8.20, with a market cap of $397.95 million and a 12-month high of $17.74, reflecting recent declines.
• The company reported negative earnings of ($0.11) per share for the latest quarter, missing analyst expectations, despite a year-over-year revenue increase of 5.6% to $71.10 million.

Connor Clark & Lunn Investment Management Ltd. lessened its position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 52.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,209 shares of the company's stock after selling 43,539 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of PubMatic worth $358,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in PubMatic by 2.3% in the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock valued at $548,000 after buying an additional 1,341 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of PubMatic during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its position in shares of PubMatic by 75.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after purchasing an additional 2,240 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of PubMatic by 5.7% during the 4th quarter. Russell Investments Group Ltd. now owns 47,062 shares of the company's stock worth $691,000 after purchasing an additional 2,528 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of PubMatic by 21.3% during the 1st quarter. US Bancorp DE now owns 14,736 shares of the company's stock worth $135,000 after purchasing an additional 2,591 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on PUBM shares. B. Riley lowered PubMatic from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $17.00 to $9.00 in a research report on Tuesday, August 12th. JMP Securities lowered their price target on PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Scotiabank lowered their price target on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 12th. Evercore ISI lowered their price target on PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada lowered their price target on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, PubMatic has an average rating of "Moderate Buy" and an average target price of $12.44.

PubMatic Price Performance

PUBM traded up $0.57 during trading on Friday, hitting $9.07. The stock had a trading volume of 946,713 shares, compared to its average volume of 926,053. The company has a 50 day moving average price of $11.39 and a 200-day moving average price of $11.22. The firm has a market cap of $440.17 million, a price-to-earnings ratio of -129.55 and a beta of 1.54. 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 released its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). The firm had revenue of $71.10 million during 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 business's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Steven Pantelick sold 15,690 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $12.82, for a total value of $201,145.80. Following the completion of the sale, the chief financial officer directly owned 30,702 shares in the company, valued at $393,599.64. The trade was a 33.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, August 18th. The shares were sold at an average price of $8.42, for a total value of $370,480.00. The disclosure for this sale can be found here. Insiders sold a total of 329,286 shares of company stock worth $3,816,613 over the last three months. 26.42% of the stock is currently owned by corporate insiders.

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.