PubMatic, Inc. $PUBM Holdings Raised by Graham Holdings Co

Key Points

• Graham Holdings Co has increased its stake in PubMatic, Inc. by 21.4% in the first quarter, acquiring an additional 500,000 shares to raise its holdings to 2,831,462 shares.
• Institutional ownership of PubMatic is substantial, with 64.26% of shares held by institutions, indicating strong institutional interest in the company.
• Analysts have downgraded PubMatic's stock ratings and target prices, with JMP Securities lowering its target from $16.00 to $12.00 and B. Riley adjusting it from $17.00 to $9.00.

Graham Holdings Co boosted its stake in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,831,462 shares of the company's stock after buying an additional 500,000 shares during the quarter. PubMatic accounts for approximately 2.9% of Graham Holdings Co's portfolio, making the stock its 4th largest holding. Graham Holdings Co owned 5.83% of PubMatic worth $25,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC grew its position in PubMatic by 5,304.5% during the first quarter. Cubist Systematic Strategies LLC now owns 106,523 shares of the company's stock worth $974,000 after buying an additional 104,552 shares during the period. Graham Capital Management L.P. grew its position in PubMatic by 23.0% during the first quarter. Graham Capital Management L.P. now owns 56,931 shares of the company's stock worth $520,000 after buying an additional 10,636 shares during the period. Panagora Asset Management Inc. grew its position in PubMatic by 13.2% during the first quarter. Panagora Asset Management Inc. now owns 257,528 shares of the company's stock worth $2,354,000 after buying an additional 30,043 shares during the period. State of Wyoming acquired a new stake in shares of PubMatic in the first quarter valued at approximately $82,000. Finally, Trexquant Investment LP increased its stake in shares of PubMatic by 140.7% during the 1st quarter. Trexquant Investment LP now owns 299,407 shares of the company's stock worth $2,737,000 after purchasing an additional 175,017 shares in the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PubMatic

In other news, CFO Steven Pantelick sold 15,690 shares of the firm's 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 owned 30,702 shares of the company's stock, valued at approximately $393,599.64. This trade represents a 33.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajeev K. Goel sold 44,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $8.42, for a total transaction of $370,480.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,914 shares of company stock worth $3,931,133. 26.42% of the stock is currently owned by insiders.

PubMatic Stock Up 2.2%

Shares of PUBM traded up $0.18 during mid-day trading on Monday, reaching $8.55. The company had a trading volume of 580,136 shares, compared to its average volume of 864,241. The firm has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $10.63. PubMatic, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.13). The company had revenue of $71.10 million during the quarter, compared to analyst estimates 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 for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. Analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PUBM shares. Royal Bank Of Canada dropped their price objective on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. JMP Securities dropped their price objective on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Evercore ISI dropped their price objective on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Scotiabank dropped their price objective on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 12th. Finally, Lake Street Capital cut shares of PubMatic from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. One investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $12.44.

PubMatic Company 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.