PubMatic (NASDAQ:PUBM) General Counsel Sells $33,998.13 in Stock

Key Points

• PubMatic's General Counsel, Andrew Woods, sold 4,131 shares of the company's stock for a total of $33,998.13, reducing his ownership by 7.43% to 51,495 shares.
• The company's stock price closed at $8.44, with a 1-year low of $7.01 and a high of $17.74, following a recent earnings report that missed expectations.
• Several analysts have recently downgraded PubMatic's stock, resulting in a consensus rating of "Hold" and a price target adjustment from $19.00 to $9.50.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 4,131 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $8.23, for a total transaction of $33,998.13. Following the completion of the transaction, the general counsel directly owned 51,495 shares in the company, valued at approximately $423,803.85. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PubMatic Stock Performance

Shares of NASDAQ PUBM traded up $0.16 during trading hours on Friday, hitting $8.44. 450,435 shares of the stock were exchanged, compared to its average volume of 550,223. The company's fifty day simple moving average is $9.13 and its two-hundred day simple moving average is $10.26. The company has a market cap of $385.88 million, a PE ratio of -120.55 and a beta of 1.50. PubMatic, Inc. has a 1-year low of $7.01 and a 1-year high of $17.74.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its 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). The business had revenue of $71.10 million for the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PUBM. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a report on Saturday, September 27th. Lake Street Capital downgraded shares of PubMatic from a "buy" rating to a "hold" rating and dropped their price objective for the company from $19.00 to $9.50 in a research note on Tuesday, August 12th. Wall Street Zen raised shares of PubMatic from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price target on shares of PubMatic in a research note on Tuesday, September 9th. Finally, JMP Securities reduced their price objective on PubMatic from $16.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $12.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after purchasing an additional 2,785 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock worth $61,000 after purchasing an additional 3,541 shares during the period. Headlands Technologies LLC acquired a new position in shares of PubMatic in the 1st quarter worth approximately $69,000. CWM LLC lifted its position in shares of PubMatic by 506.1% in the 2nd quarter. CWM LLC now owns 5,964 shares of the company's stock worth $74,000 after purchasing an additional 4,980 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of PubMatic in the 1st quarter valued at $78,000. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.