PubMatic (NASDAQ:PUBM) CAO Lisa Gimbel Sells 1,396 Shares of Stock

Key Points

• PubMatic CAO Lisa Gimbel sold 1,396 shares at an average price of $17.04, totaling $23,787.84. The sale was made to cover tax withholding on vested equity awards, reducing her direct holdings by 7.62% to 16,927 shares.
• PubMatic shares traded at $17.36, near their 52-week high of $18.44. The company recently reported quarterly revenue of $78.59 million and an adjusted loss of $0.03 per share, beating analyst expectations.
• Analysts maintain a “Moderate Buy” consensus, with 10 Buy, one Hold and one Sell rating, and an average price target of $18.25. Several firms recently raised their targets, including Scotiabank to $21.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CAO Lisa Gimbel sold 1,396 shares of the business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $17.04, for a total value of $23,787.84. Following the transaction, the chief accounting officer directly owned 16,927 shares of the company's stock, valued at $288,436.08. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lisa Gimbel also recently made the following trade(s):

• On Wednesday, August 12th, Lisa Gimbel sold 500 shares of PubMatic stock. The shares were sold at an average price of $17.50, for a total value of $8,750.00.

PubMatic Trading Up 0.5%

PubMatic stock traded up $0.09 during midday trading on Tuesday, reaching $17.36. The company's stock had a trading volume of 920,949 shares, compared to its average volume of 694,763. The stock has a market cap of $790.75 million, a PE ratio of -57.86 and a beta of 1.54. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $18.44. The business has a 50-day moving average price of $13.33 and a 200-day moving average price of $10.35.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.15. The company had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. As a group, research analysts predict that PubMatic, Inc. will post -0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Lake Street Capital reaffirmed a "buy" rating and issued a $20.00 price objective on shares of PubMatic in a research note on Friday, August 7th. Scotiabank raised shares of PubMatic from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $8.00 to $21.00 in a research report on Friday, August 7th. Jefferies Financial Group boosted their price target on shares of PubMatic from $10.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Citizens Jmp upped their price objective on shares of PubMatic from $12.00 to $20.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada increased their price objective on shares of PubMatic from $11.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PUBM. Renaissance Technologies LLC grew its holdings in PubMatic by 26.3% in the first quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company's stock worth $12,602,000 after purchasing an additional 321,200 shares during the period. Wellington Management Group LLP raised its holdings in shares of PubMatic by 10.1% during the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company's stock valued at $12,159,000 after purchasing an additional 135,070 shares during the period. CenterBook Partners LP boosted its position in shares of PubMatic by 53.3% during the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock worth $10,174,000 after purchasing an additional 398,595 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of PubMatic by 9.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 929,249 shares of the company's stock worth $8,242,000 after purchasing an additional 77,566 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of PubMatic by 320.0% in the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company's stock valued at $8,144,000 after buying an additional 699,549 shares during the period. 64.26% of the stock is owned by institutional investors.

PubMatic Company Profile

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq symbol: PUBM in December 2020.

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