PubMatic (NASDAQ:PUBM) Chairman Sells $201,434.70 in Stock

Key Points

• Chairman Amar Goel sold 10,795 PubMatic shares for approximately $201,435 at an average price of $18.66 under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 23.28% to 35,580 shares.
• PubMatic shares fell 1.3% to $18.35, though the company’s latest quarterly results beat expectations with $78.59 million in revenue and a smaller-than-expected loss. The company remains unprofitable, with analysts forecasting a full-year loss.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a $19.73 consensus price target, while institutional investors own 64.26% of the stock.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar Goel sold 10,795 shares of the business's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $18.66, for a total value of $201,434.70. Following the transaction, the chairman directly owned 35,580 shares in the company, valued at $663,922.80. This trade represents a 23.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Stock Down 1.3%

Shares of NASDAQ PUBM traded down $0.25 during trading hours on Tuesday, hitting $18.35. The company had a trading volume of 717,116 shares, compared to its average volume of 693,884. The stock has a market capitalization of $835.84 million, a P/E ratio of -61.16 and a beta of 1.56. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $19.48. The firm's 50 day moving average is $16.60 and its 200-day moving average is $12.79.

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

Analyst Upgrades and Downgrades

PUBM has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price objective on shares of PubMatic from $10.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of PubMatic from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Rosenblatt Securities lifted their price target on PubMatic from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Evercore reissued an "outperform" rating and set a $21.00 price target on shares of PubMatic in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded PubMatic from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, PubMatic presently has an average rating of "Moderate Buy" and a consensus target price of $19.73.

Hedge Funds Weigh In On PubMatic

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock worth $39,000 after buying an additional 1,915 shares during the period. State of Wyoming bought a new position in shares of PubMatic during the first quarter worth approximately $61,000. Versant Capital Management Inc lifted its holdings in PubMatic by 30.4% during the 2nd quarter. Versant Capital Management Inc now owns 10,657 shares of the company's stock worth $140,000 after purchasing an additional 2,482 shares during the last quarter. Savant Capital LLC acquired a new stake in PubMatic during the 4th quarter worth approximately $110,000. Finally, Sei Investments Co. bought a new stake in PubMatic in the 1st quarter valued at $129,000. 64.26% of the stock is owned by institutional investors.

More PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: New Southeast Asian campaign: PubMatic and The Media Shop launched an agentic luxury advertising campaign described as the first of its kind in Southeast Asia. The initiative showcases PubMatic’s programmatic advertising platform and could help expand advertiser adoption and future revenue in the region. The Media Shop and PubMatic Launch Southeast Asia’s First Agentic Luxury Campaign
• Positive Sentiment: Analyst support remains favorable: Wall Street brokerages collectively rate PUBM “Moderate Buy,” with a reported consensus price target of $19.73. The stock is also trading above its 50-day and 200-day moving averages, indicating strong recent momentum, although the consensus target suggests limited upside from recent levels. PubMatic Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Recent earnings outperformance provides support: PubMatic’s latest quarterly results exceeded expectations, with revenue of $78.59 million versus a $68.95 million consensus estimate and a smaller-than-expected loss per share. However, the company remains unprofitable, with analysts forecasting a full-year loss.
• Negative Sentiment: Multiple insiders sold shares: CEO Rajeev Goel, CFO Steven Pantelick, Chairman Amar Goel, General Counsel Andrew Woods and insider Mukul Kumar collectively sold 94,648 shares for approximately $1.80 million at $18.97 per share. The filings state that the sales covered tax-withholding obligations related to vested equity awards, making them less concerning than discretionary selling. Nevertheless, the transactions reduced insider ownership—including the CEO’s stake by more than 50%—and could pressure sentiment, particularly with PUBM trading near its 52-week high. PubMatic Insider Stock Sales

About PubMatic

PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.

The company's platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.

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