Wellington Management Group LLP Buys 179,951 Shares of PubMatic, Inc. $PUBM

Key Points

• Wellington Management Group LLP increased its stake in PubMatic by 20% during the first quarter, owning 1,077,921 shares valued at approximately $9.85 million as of its most recent SEC filing.
• Several institutions, including Envestnet Asset Management and Dimensional Fund Advisors, also raised their holdings in PubMatic, indicating a strong interest from institutional investors, who collectively own 64.26% of the stock.
• Despite a revenue increase of 5.6% year-over-year, PubMatic reported a loss of ($0.11) earnings per share, missing analysts' expectations, which has affected its stock ratings and price targets from various analysts.

Wellington Management Group LLP increased its position in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 20.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,077,921 shares of the company's stock after buying an additional 179,951 shares during the period. Wellington Management Group LLP owned 2.22% of PubMatic worth $9,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after buying an additional 1,341 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in PubMatic in the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its holdings in PubMatic by 75.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after buying an additional 2,240 shares during the last quarter. US Bancorp DE increased its holdings in PubMatic by 21.3% in the first quarter. US Bancorp DE now owns 14,736 shares of the company's stock worth $135,000 after buying an additional 2,591 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in PubMatic by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,025 shares of the company's stock worth $397,000 after buying an additional 2,647 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Trading Down 1.0%

PUBM stock traded down $0.09 during midday trading on Friday, hitting $8.67. The stock had a trading volume of 364,873 shares, compared to its average volume of 924,549. The firm has a market capitalization of $396.39 million, a price-to-earnings ratio of -123.84 and a beta of 1.54. PubMatic, Inc. has a 52 week low of $7.01 and a 52 week high of $17.74. The stock has a 50-day simple moving average of $11.14 and a 200 day simple moving average of $10.95.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its 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). The firm had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other PubMatic news, insider Mukul Kumar sold 5,366 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total transaction of $67,396.96. Following the completion of the sale, the insider directly owned 68,960 shares of the company's stock, valued at approximately $866,137.60. The trade was a 7.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven Pantelick sold 15,690 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $12.82, for a total value of $201,145.80. Following the sale, the chief financial officer directly owned 30,702 shares of the company's stock, valued at $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 ninety days, insiders sold 332,962 shares of company stock valued at $3,847,638. 26.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PUBM has been the topic of several analyst reports. Scotiabank lowered their price target on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada lowered their price target on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Rosenblatt Securities initiated coverage on PubMatic in a report on Thursday, August 21st. They set a "buy" rating and a $17.00 price target on the stock. B. Riley downgraded PubMatic from a "buy" rating to a "neutral" rating and lowered their price target for the company from $17.00 to $9.00 in a report on Tuesday, August 12th. Finally, Evercore ISI lowered their price target on PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, PubMatic presently has an average rating of "Moderate Buy" and a consensus target price 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.