Trexquant Investment LP Has $2.74 Million Position in PubMatic, Inc. $PUBM

Key Points

• Trexquant Investment LP has increased its stake in PubMatic by 140.7%, acquiring an additional 175,017 shares during the first quarter, bringing its total holdings to 299,407 shares valued at approximately $2.7 million.
• Several institutional investors have also adjusted their positions, with 64.26% of the company's stock now owned by such investors, indicating significant institutional interest in PubMatic.
• Analysts have varied opinions on PubMatic's stock, with price targets ranging from $9.00 to $17.00, resulting in a consensus rating of "Moderate Buy" and an average target price of $12.44.

Trexquant Investment LP increased its stake in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 140.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 299,407 shares of the company's stock after purchasing an additional 175,017 shares during the quarter. Trexquant Investment LP owned approximately 0.62% of PubMatic worth $2,737,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in PubMatic in the fourth quarter valued at $29,000. GAMMA Investing LLC increased its stake in PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after purchasing an additional 2,785 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PubMatic in the fourth quarter valued at about $57,000. Tower Research Capital LLC TRC raised its position in 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, Headlands Technologies LLC purchased a new stake in PubMatic during the first quarter worth approximately $69,000. Hedge funds and other institutional investors own 64.26% of the company's stock.

PubMatic Trading Up 1.9%

Shares of PUBM stock traded up $0.16 during trading hours on Monday, hitting $8.53. 354,145 shares of the company were exchanged, compared to its average volume of 587,194. 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 52-week low of $7.01 and a 52-week high of $17.74. The stock has a market capitalization of $390.04 million, a price-to-earnings ratio of -121.84 and a beta of 1.52.

PubMatic (NASDAQ:PUBM - Get Free Report) last released 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 firm had revenue of $71.10 million during 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%. PubMatic's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on PUBM shares. Lake Street Capital cut shares of PubMatic from a "buy" rating to a "hold" rating and decreased their target price for the stock from $19.00 to $9.50 in a report on Tuesday, August 12th. JMP Securities cut their price target on PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Scotiabank reduced their price objective on PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 12th. Royal Bank Of Canada reduced their price target on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, Rosenblatt Securities initiated coverage on PubMatic in a research report on Thursday, August 21st. They issued a "buy" rating and a $17.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.44.

Insider Activity at PubMatic

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 SEC, which is available at the SEC website. Also, CFO Steven Pantelick sold 15,690 shares of the business's 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 transaction, the chief financial officer owned 30,702 shares of the company's stock, valued at approximately $393,599.64. This represents a 33.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 354,914 shares of company stock worth $3,931,133. 26.42% of the stock is currently owned by corporate insiders.

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.