PubMatic (NASDAQ:PUBM) Insider Sells $63,971.10 in Stock

Key Points

• Mukul Kumar, a PubMatic insider, sold 7,830 shares at an average price of $8.17 on April 2 for a total of $63,971.10, reducing his stake by 7.3% to 99,485 shares.
• PubMatic beat the last quarter's estimates with $0.29 EPS (vs. $0.16 expected) and $80.05M revenue (vs. $76.12M expected), but remains unprofitable with a negative net margin of 5.11% and negative ROE.
• The stock is trading around $8.27 with a $392M market cap, a 52-week range of $6.15–$13.88, and a consensus analyst rating of Moderate Buy with a $12.63 target price.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) insider Mukul Kumar sold 7,830 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 $63,971.10. Following the completion of the sale, the insider directly owned 99,485 shares of the company's stock, valued at $812,792.45. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PubMatic Price Performance

Shares of PUBM remained flat at $8.27 during mid-day trading on Friday. 618,175 shares of the stock traded hands, compared to its average volume of 731,930. The company has a fifty day moving average of $7.54 and a 200-day moving average of $8.23. The company has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $13.88.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $80.05 million during 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%. Equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On PubMatic

A number of institutional investors have recently bought and sold shares of PUBM. Hsbc Holdings PLC grew its position in PubMatic by 12.2% during the fourth quarter. Hsbc Holdings PLC now owns 64,590 shares of the company's stock valued at $573,000 after purchasing an additional 7,034 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock valued at $39,000 after buying an additional 1,915 shares during the period. Invesco Ltd. grew its holdings in shares of PubMatic by 20.0% during the 4th quarter. Invesco Ltd. now owns 105,509 shares of the company's stock valued at $936,000 after acquiring an additional 17,581 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of PubMatic during the 4th quarter valued at $199,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of PubMatic in the fourth quarter worth $893,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and set a $21.00 price objective on shares of PubMatic in a research note on Friday, March 20th. Wall Street Zen raised PubMatic from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Lake Street Capital raised shares of PubMatic from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 27th. Weiss Ratings reissued a "sell (d)" rating on shares of PubMatic in a research report on Thursday, January 22nd. Finally, Wolfe Research restated an "outperform" rating and set a $14.00 price target on shares of PubMatic in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, PubMatic currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.63.

About PubMatic

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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