PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 4,468 Shares

Key Points

• PubMatic Chairman Amar Goel sold 4,468 shares at an average price of $8.23, resulting in a total transaction value of $36,771.64.
• The company's stock has faced a recent downward trend, with a 17.92% decrease in the chairman's holdings, leaving him with 20,464 shares valued at $168,418.72.
• PubMatic reported a negative EPS of ($0.11) for the last quarter, missing the consensus estimate, while its revenue rose by 5.6% year-over-year to $71.10 million.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar Goel sold 4,468 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $8.23, for a total transaction of $36,771.64. Following the transaction, the chairman owned 20,464 shares of the company's stock, valued at $168,418.72. This trade represents a 17.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PubMatic Price Performance

Shares of PubMatic stock traded up $0.16 during trading hours on Friday, hitting $8.44. The company had a trading volume of 450,435 shares, compared to its average volume of 550,223. The company's 50-day moving average is $9.13 and its two-hundred day moving average is $10.26. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.74. The company has a market cap of $385.88 million, a P/E ratio of -120.55 and a beta of 1.50.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) 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 company had revenue of $71.10 million during the quarter, compared to analyst estimates of $67.77 million. During the same quarter in the previous year, the company posted $0.04 EPS. The company's quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. Sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PUBM. JMP Securities lowered their target price on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of PubMatic in a research note on Saturday, September 27th. Evercore ISI lowered their price objective on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price objective on shares of PubMatic in a research report on Tuesday, September 9th. Finally, B. Riley downgraded shares of PubMatic from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PubMatic presently has a consensus rating of "Hold" and a consensus price target of $12.44.

Hedge Funds Weigh In On PubMatic

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after buying an additional 2,785 shares during the last quarter. Tower Research Capital LLC TRC raised its position in PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock worth $61,000 after buying an additional 3,541 shares during the last quarter. Headlands Technologies LLC purchased a new position in PubMatic during the 1st quarter worth $69,000. CWM LLC raised its position in PubMatic by 506.1% during the 2nd quarter. CWM LLC now owns 5,964 shares of the company's stock worth $74,000 after buying an additional 4,980 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in PubMatic during the 1st quarter worth $78,000. Hedge funds and other institutional investors own 64.26% of the company's stock.

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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