PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 6,528 Shares

Key Points

• Chairman Amar Goel sold 6,528 shares on April 2 at an average price of $8.17 for total proceeds of $53,333.76, cutting his stake by 21.34% to 24,066 shares (about $196,619).
• PubMatic beat estimates with quarterly EPS of $0.29 (vs. $0.16 expected) and revenue of $80.05M (vs. $76.12M) but remains unprofitable (net margin -5.11%, negative ROE); analysts' consensus is a Moderate Buy with an average price target of $12.63.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar Goel sold 6,528 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $53,333.76. Following the completion of the sale, the chairman directly owned 24,066 shares in the company, valued at approximately $196,619.22. The trade was a 21.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PubMatic Price Performance

PUBM remained flat at $8.27 during midday trading on Friday. 618,175 shares of the company's stock were exchanged, compared to its average volume of 731,930. The company's 50 day moving average is $7.54 and its 200-day moving average is $8.23. The company has a market cap of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $13.88.

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

Analyst Ratings Changes

Several research firms have recently weighed in on PUBM. Wall Street Zen raised shares of PubMatic from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings restated a "sell (d)" rating on shares of PubMatic in a research report on Thursday, January 22nd. B. Riley Financial raised PubMatic from a "neutral" rating to a "buy" rating and raised their price target for the company from $10.00 to $10.50 in a report on Friday, February 27th. Lake Street Capital upgraded PubMatic from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 27th. Finally, Wolfe Research reissued an "outperform" rating and issued a $14.00 price objective on shares of PubMatic in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PubMatic presently has an average rating of "Moderate Buy" and an average price target of $12.63.

Hedge Funds Weigh In On PubMatic

Several hedge funds have recently added to or reduced their stakes in PUBM. Hsbc Holdings PLC raised its position in shares of PubMatic by 12.2% during the fourth quarter. Hsbc Holdings PLC now owns 64,590 shares of the company's stock worth $573,000 after purchasing an additional 7,034 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock valued at $39,000 after purchasing an additional 1,915 shares during the period. Invesco Ltd. increased its stake in PubMatic by 20.0% during the 4th quarter. Invesco Ltd. now owns 105,509 shares of the company's stock worth $936,000 after purchasing an additional 17,581 shares in the last quarter. XTX Topco Ltd bought a new stake in PubMatic during the 4th quarter worth approximately $199,000. Finally, Tudor Investment Corp ET AL acquired a new stake in PubMatic during the 4th quarter worth approximately $893,000. Institutional investors and hedge funds own 64.26% of the company's stock.

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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