Cubist Systematic Strategies LLC Purchases 104,552 Shares of PubMatic, Inc. $PUBM

Key Points

• Cubist Systematic Strategies LLC increased its holding in PubMatic, Inc. by 5,304.5% in the first quarter, owning 106,523 shares worth approximately $974,000.
• CEO Rajeev K. Goel sold a total of 88,000 shares of PubMatic, accumulating around $866,800 from the sales, while corporate insiders own 26.42% of the company.
• PubMatic reported a quarterly EPS of (-$0.11), missing analysts' expectations, although its revenue increased by 5.6% year-over-year.

Cubist Systematic Strategies LLC raised its position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 5,304.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,523 shares of the company's stock after buying an additional 104,552 shares during the period. Cubist Systematic Strategies LLC owned about 0.22% of PubMatic worth $974,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after buying an additional 2,785 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PubMatic during the 4th quarter valued at $57,000. Headlands Technologies LLC purchased a new stake in PubMatic during the 1st quarter valued at $69,000. Quantbot Technologies LP purchased a new stake in PubMatic during the 1st quarter valued at $78,000. Finally, State of Wyoming purchased a new stake in PubMatic during the 1st quarter valued at $82,000. Hedge funds and other institutional investors own 64.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on PUBM shares. Royal Bank Of Canada dropped their price target on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. JMP Securities decreased their price objective on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Scotiabank decreased their price objective on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a report on Tuesday, August 12th. B. Riley lowered shares of PubMatic from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of PubMatic from a "sell" rating to a "hold" rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.44.

PubMatic Stock Performance

Shares of PubMatic stock traded down $0.30 during trading on Friday, hitting $8.22. The company's stock had a trading volume of 488,180 shares, compared to its average volume of 601,771. The company has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $10.47. The company has a market capitalization of $375.82 million, a PE ratio of -117.41 and a beta of 1.51. PubMatic, Inc. has a 52 week low of $7.01 and a 52 week high of $17.74.

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

Insider Buying and Selling at PubMatic

In related news, Chairman Amar K. Goel sold 8,020 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $8.45, for a total value of $67,769.00. Following the completion of the transaction, the chairman directly owned 12,496 shares in the company, valued at $105,591.20. This trade represents a 39.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $11.28, for a total transaction of $496,320.00. The disclosure for this sale can be found here. Insiders have sold 354,914 shares of company stock valued at $3,931,133 in the last quarter. 26.42% of the stock is owned by 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.