PubMatic (NASDAQ:PUBM) CFO Steven Pantelick Sells 16,282 Shares

Key Points

• CFO Steven Pantelick sold stock: Pantelick sold 16,282 shares on April 6 at an average $8.44 (and 16,747 shares on April 2 at $8.17), reducing his direct holdings to 41,319 shares (a 28.27% decrease); the trades were executed under a pre-arranged Rule 10b5-1 plan.
• Mixed financials and analyst view: PubMatic beat quarterly EPS and revenue estimates (EPS $0.29 vs $0.16; revenue $80.05M vs $76.12M) but still reports negative net margin and PE, trades around $8.41 with a market cap of about $399M, and holds a consensus Moderate Buy rating with an average target of $12.63.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 16,282 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.44, for a total value of $137,420.08. Following the completion of the sale, the chief financial officer directly owned 41,319 shares of the company's stock, valued at $348,732.36. This represents a 28.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Steven Pantelick also recently made the following trade(s):

• On Thursday, April 2nd, Steven Pantelick sold 16,747 shares of PubMatic stock. The shares were sold at an average price of $8.17, for a total value of $136,822.99.

PubMatic Stock Performance

Shares of PUBM traded down $0.08 during mid-day trading on Wednesday, hitting $8.41. The company's stock had a trading volume of 423,004 shares, compared to its average volume of 725,438. PubMatic, Inc. has a one year low of $6.15 and a one year high of $13.88. The firm has a market capitalization of $398.68 million, a PE ratio of -27.13 and a beta of 1.48. The stock's 50-day moving average is $7.59 and its two-hundred day moving average is $8.23.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The company had revenue of $80.05 million during the quarter, compared to analysts' expectations of $76.12 million. Analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Roubaix Capital LLC acquired a new position in PubMatic during the third quarter worth $2,247,000. CenterBook Partners LP raised its stake in PubMatic by 239.0% during the third quarter. CenterBook Partners LP now owns 748,460 shares of the company's stock worth $6,197,000 after acquiring an additional 527,650 shares in the last quarter. Acuitas Investments LLC raised its stake in PubMatic by 142.8% during the third quarter. Acuitas Investments LLC now owns 355,651 shares of the company's stock worth $2,945,000 after acquiring an additional 209,159 shares in the last quarter. Diversified Investment Strategies LLC raised its stake in PubMatic by 17.6% during the fourth quarter. Diversified Investment Strategies LLC now owns 100,000 shares of the company's stock worth $887,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Allworth Financial LP raised its stake in PubMatic by 12,839.7% during the fourth quarter. Allworth Financial LP now owns 25,103 shares of the company's stock worth $223,000 after acquiring an additional 24,909 shares in the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PUBM has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PubMatic in a research report on Thursday, January 22nd. Wall Street Zen cut PubMatic from a "hold" rating to a "sell" rating in a research report on Saturday. B. Riley Financial raised PubMatic from a "neutral" rating to a "buy" rating and raised their target price for the stock from $10.00 to $10.50 in a research report on Friday, February 27th. Wolfe Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of PubMatic in a research report on Monday, January 5th. Finally, Lake Street Capital raised PubMatic from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.63.

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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