Rajeev Goel Sells 33,381 Shares of PubMatic (NASDAQ:PUBM) Stock

Key Points

• CEO Rajeev Goel sold 33,381 shares of PubMatic at an average price of $8.23, representing a 50.95% decrease in his holdings.
• PubMatic reported a quarterly revenue of $71.10 million, exceeding analysts' expectations, but posted a loss of ($0.11) earnings per share.
• Investment analysts have a consensus rating of "Hold" for PubMatic, with a target price reduction bringing it down to $12.44.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 33,381 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $8.23, for a total transaction of $274,725.63. Following the completion of the sale, the chief executive officer directly owned 32,136 shares in the company, valued at approximately $264,479.28. This trade represents a 50.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PubMatic Price Performance

PUBM stock traded up $0.16 during midday trading on Friday, reaching $8.44. The company had a trading volume of 450,435 shares, compared to its average volume of 550,223. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.74. The company has a market capitalization of $385.88 million, a P/E ratio of -120.55 and a beta of 1.50. The firm has a 50-day moving average price of $9.13 and a 200-day moving average price of $10.26.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly 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). PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The firm had revenue of $71.10 million for the quarter, compared to analysts' expectations of $67.77 million. During the same period in the previous year, the company earned $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. On average, equities analysts predict that PubMatic, Inc. will post 0.22 EPS for the current year.

Hedge Funds Weigh In On PubMatic

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

Wall Street Analyst Weigh In

PUBM has been the topic of a number of research reports. B. Riley downgraded shares of PubMatic from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. Evercore ISI reduced 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. Lake Street Capital cut shares of PubMatic from a "buy" rating to a "hold" rating and reduced their price target for the stock from $19.00 to $9.50 in a research report on Tuesday, August 12th. JMP Securities dropped their price objective on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Finally, Scotiabank lowered their target price on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $12.44.

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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