Mukul Kumar Sells 5,428 Shares of PubMatic (NASDAQ:PUBM) Stock

Key Points

• Insider Mukul Kumar sold 5,428 shares of PubMatic (NASDAQ:PUBM), resulting in a 6.55% reduction in their holdings, now totaling 77,393 shares valued at approximately $637,718.32.
• PubMatic's recent earnings report showed a loss of ($0.11) EPS, missing estimates by $0.13, despite a 5.6% increase in year-over-year revenue.
• Analyst ratings for PubMatic are mixed, with four analysts giving it a "Buy" rating, while several others have lowered price targets significantly, reflecting a cautious outlook on the stock.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) insider Mukul Kumar sold 5,428 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $8.24, for a total value of $44,726.72. Following the sale, the insider owned 77,393 shares in the company, valued at approximately $637,718.32. This represents a 6.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PubMatic Price Performance

Shares of NASDAQ:PUBM traded up $0.16 during trading on Friday, hitting $8.44. 450,435 shares of the company were exchanged, compared to its average volume of 550,223. The company has a market cap of $385.88 million, a PE ratio of -120.55 and a beta of 1.50. The stock has a 50 day moving average of $9.13 and a 200 day moving average of $10.26. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.74.

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

Wall Street Analyst Weigh In

PUBM has been the topic of several recent analyst reports. B. Riley cut 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. Scotiabank reduced their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 12th. Lake Street Capital cut PubMatic from a "buy" rating to a "hold" rating and reduced their target price for the company from $19.00 to $9.50 in a research note on Tuesday, August 12th. Rosenblatt Securities reissued a "buy" rating and issued a $17.00 target price on shares of PubMatic in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada reduced their target price on PubMatic from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PUBM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PubMatic by 17.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,246 shares of the company's stock valued at $1,384,000 after buying an additional 13,926 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of PubMatic by 23,208.3% during the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after buying an additional 2,785 shares during the last quarter. Rhumbline Advisers grew its stake in shares of PubMatic by 2.3% during the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock valued at $548,000 after buying an additional 1,341 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of PubMatic during the first quarter valued at about $379,000. Finally, Diversified Trust Co bought a new position in shares of PubMatic during the first quarter valued at about $118,000. 64.26% of the stock is owned by institutional investors.

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.

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