PubMatic, Inc. $PUBM Shares Purchased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in PubMatic, Inc. by 13.2%, owning a total of 257,528 shares valued at $2.35 million following the purchase of an additional 30,043 shares.
• PubMatic reported a loss of ($0.11) EPS in its recent quarterly results, falling short of analyst expectations, despite a revenue increase to $71.10 million.
• Multiple hedge funds and institutional investors, including Wellington Management and Trexquant Investment, have increased their investments in PubMatic during the first quarter, reflecting growing confidence in the company.

Panagora Asset Management Inc. raised its position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 13.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,528 shares of the company's stock after purchasing an additional 30,043 shares during the quarter. Panagora Asset Management Inc. owned about 0.53% of PubMatic worth $2,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after acquiring an additional 2,785 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of PubMatic in the 4th quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PubMatic in the 4th quarter valued at approximately $57,000. Headlands Technologies LLC purchased a new stake in shares of PubMatic in the 1st quarter valued at approximately $69,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after acquiring an additional 2,240 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Price Performance

Shares of PubMatic stock traded up $0.06 during trading hours on Friday, hitting $8.37. The company had a trading volume of 334,048 shares, compared to its average volume of 888,535. The company's 50-day moving average is $10.85 and its two-hundred day moving average is $10.66. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.74. The company has a market cap of $382.70 million, a P/E ratio of -119.55 and a beta of 1.51.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its 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 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 company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. Sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Insider Activity

In other PubMatic news, CEO Rajeev K. Goel sold 44,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $8.42, for a total transaction of $370,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were 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 a total of 354,914 shares of company stock worth $3,931,133 in the last 90 days. Corporate insiders own 26.42% of the company's stock.

Wall Street Analyst Weigh In

PUBM has been the topic of a number of research analyst reports. B. Riley downgraded shares of PubMatic from a "buy" rating to a "neutral" rating and reduced their price target for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. JMP Securities cut their target price on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Royal Bank Of Canada cut their target price on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Scotiabank dropped their price objective on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 12th. Finally, Lake Street Capital downgraded shares of PubMatic from a "buy" rating to a "hold" rating and dropped their price objective for the company from $19.00 to $9.50 in a research report on Tuesday, August 12th. One investment 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 stock. According to MarketBeat, PubMatic presently has an average rating of "Moderate Buy" and an average 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.