Deutsche Bank AG Acquires 67,477 Shares of PubMatic, Inc. $PUBM

Key Points

• Deutsche Bank AG increased its stake in PubMatic, Inc. by 70.9% in the first quarter, acquiring an additional 67,477 shares to hold a total of 162,594 shares valued at approximately $1.49 million.
• Insiders at PubMatic, including the General Counsel and CFO, sold a significant number of shares, reducing their ownership percentages by 8.47% and 33.82%, respectively.
• Analyst ratings for PubMatic show a mixed outlook, with one analyst rating it a Strong Buy and three giving a Buy rating, while others have downgraded to Hold with lower price targets.

Deutsche Bank AG boosted its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 70.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,594 shares of the company's stock after purchasing an additional 67,477 shares during the quarter. Deutsche Bank AG owned about 0.34% of PubMatic worth $1,486,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PUBM. Cubist Systematic Strategies LLC bought a new position in PubMatic in the 4th quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings 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 worth $26,000 after buying an additional 2,785 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PubMatic in the fourth quarter worth $57,000. Tower Research Capital LLC TRC boosted its position in shares of PubMatic by 75.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in shares of PubMatic during the first quarter worth $91,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PubMatic

In other PubMatic news, General Counsel Andrew Woods sold 4,084 shares of the business's 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 transaction, the general counsel owned 44,130 shares in the company, valued at $554,272.80. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven Pantelick sold 15,690 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $12.82, for a total transaction of $201,145.80. Following the completion of the sale, the chief financial officer directly owned 30,702 shares in the company, valued at approximately $393,599.64. This represents a 33.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 329,286 shares of company stock worth $3,816,613 in the last ninety days. Corporate insiders own 26.42% of the company's stock.

PubMatic Trading Up 6.7%

PUBM opened at $9.07 on Friday. The stock has a 50-day moving average of $11.39 and a 200 day moving average of $11.22. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.74. The firm has a market cap of $440.17 million, a P/E ratio of -129.55 and a beta of 1.54.

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 analysts' expectations of $67.77 million. PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. On average, research analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on PUBM shares. Rosenblatt Securities began coverage on shares of PubMatic in a report on Thursday. They issued a "buy" rating and a $17.00 price target on the stock. Lake Street Capital cut PubMatic from a "buy" rating to a "hold" rating and reduced their target price for the stock from $19.00 to $9.50 in a report on Tuesday, August 12th. Royal Bank Of Canada decreased their target price on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. JMP Securities dropped their price target on PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Finally, Evercore ISI reduced their price objective on PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $12.44.

About PubMatic

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.

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