Public Employees Retirement System of Ohio Invests $872,000 in PubMatic, Inc. $PUBM

Key Points

• Public Employees Retirement System of Ohio acquired 66,426 PubMatic shares worth approximately $872,000, while institutional investors collectively owned 64.26% of the company.
• Analysts maintain a generally positive outlook, with 10 Buy, one Hold, and one Sell rating; the stock has an average target price of $18.25. PubMatic also exceeded quarterly revenue and EPS expectations.
• Insiders sold 581,703 shares worth $9.15 million over the past three months, including substantial sales by the CEO and CFO under pre-arranged trading plans.

Public Employees Retirement System of Ohio acquired a new stake in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 66,426 shares of the company's stock, valued at approximately $872,000. Public Employees Retirement System of Ohio owned about 0.15% of PubMatic as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PUBM. Jane Street Group LLC lifted its holdings in shares of PubMatic by 55.7% in the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company's stock worth $1,000,000 after purchasing an additional 39,124 shares during the last quarter. Creative Planning acquired a new stake in PubMatic in the second quarter worth $269,000. Rhumbline Advisers increased its position in PubMatic by 9.7% in the second quarter. Rhumbline Advisers now owns 65,840 shares of the company's stock worth $819,000 after buying an additional 5,828 shares during the period. Hsbc Holdings PLC lifted its stake in PubMatic by 15.0% in the second quarter. Hsbc Holdings PLC now owns 46,637 shares of the company's stock valued at $596,000 after buying an additional 6,066 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in PubMatic by 10.0% in the second quarter. Invesco Ltd. now owns 81,994 shares of the company's stock valued at $1,020,000 after buying an additional 7,468 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PUBM shares. Jefferies Financial Group upped their price target on shares of PubMatic from $10.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. B. Riley Financial reissued a "buy" rating on shares of PubMatic in a research note on Friday, August 7th. Weiss Ratings cut shares of PubMatic from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Citizens Jmp raised their target price on PubMatic from $12.00 to $20.00 and gave the company a "market outperform" rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded PubMatic from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, PubMatic has an average rating of "Moderate Buy" and an average target price of $18.25.

Insider Buying and Selling

In other PubMatic news, CFO Steven Pantelick sold 23,548 shares of the business's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total value of $321,430.20. Following the sale, the chief financial officer directly owned 64,820 shares in the company, valued at approximately $884,793. The trade was a 26.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rajeev Goel sold 211,302 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $17.74, for a total transaction of $3,748,497.48. Following the completion of the sale, the chief executive officer directly owned 31,692 shares of the company's stock, valued at $562,216.08. The trade was a 86.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 581,703 shares of company stock valued at $9,151,166 over the last three months. Company insiders own 27.78% of the company's stock.

PubMatic Trading Down 0.7%

Shares of NASDAQ:PUBM opened at $16.18 on Thursday. The company has a 50 day moving average of $14.95 and a 200-day moving average of $11.54. The firm has a market cap of $737.00 million, a P/E ratio of -53.93 and a beta of 1.58. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $18.44.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.15. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. The business had revenue of $78.59 million during the quarter, compared to analysts' expectations of $68.95 million. Equities research analysts forecast that PubMatic, Inc. will post -0.09 EPS for the current year.

About PubMatic

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq symbol: PUBM in December 2020.

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