Vanguard Group Inc. Has $31.20 Million Stake in PubMatic, Inc. $PUBM

Key Points

• Vanguard Group Inc. reduced its holdings in PubMatic by 19.5%, now owning 3,413,603 shares worth approximately $31.2 million after selling 826,686 shares in the first quarter.
• Insider selling was noted, with PubMatic's COO Mukul Kumar and CEO Rajeev K. Goel both selling shares recently, indicating a potential shift in executive confidence.
• PubMatic reported a loss of ($0.11) earnings per share for the last quarter, missing estimates but achieving revenue of $71.1 million, which was above expectations.

Vanguard Group Inc. decreased its position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,413,603 shares of the company's stock after selling 826,686 shares during the quarter. Vanguard Group Inc. owned about 7.03% of PubMatic worth $31,200,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its position in shares of PubMatic by 2.3% during the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after purchasing an additional 1,341 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of PubMatic during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC grew 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 valued at $77,000 after purchasing an additional 2,240 shares in the last quarter. US Bancorp DE grew its position in PubMatic by 21.3% during the first quarter. US Bancorp DE now owns 14,736 shares of the company's stock valued at $135,000 after purchasing an additional 2,591 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in PubMatic by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,025 shares of the company's stock valued at $397,000 after buying an additional 2,647 shares during the period. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Trading Down 1.0%

PubMatic stock traded down $0.09 on Friday, reaching $8.67. 364,873 shares of the stock were exchanged, compared to its average volume of 924,549. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.74. The firm has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $10.95. The stock has a market cap of $396.39 million, a PE ratio of -123.84 and a beta of 1.54.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The business had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The business's quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. Equities analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PUBM shares. JMP Securities cut their price objective on PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Royal Bank Of Canada dropped 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. Scotiabank dropped their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 12th. Rosenblatt Securities began coverage on PubMatic in a research report on Thursday, August 21st. They issued a "buy" rating and a $17.00 target price on the stock. Finally, B. Riley lowered PubMatic from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $17.00 to $9.00 in a research report on Tuesday, August 12th. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.44.

Insider Activity at PubMatic

In related news, CEO Rajeev K. Goel sold 44,000 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $12.80, for a total transaction of $563,200.00. The sale was disclosed in a document filed 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 stock was sold at an average price of $12.82, for a total transaction of $201,145.80. Following the transaction, the chief financial officer directly owned 30,702 shares in the company, valued at $393,599.64. This trade represents a 33.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,962 shares of company stock worth $3,847,638. 26.42% of the stock is owned by 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.