Rajeev Goel Sells 44,000 Shares of PubMatic (NASDAQ:PUBM) Stock

Key Points

• CEO Rajeev Goel sold 44,000 shares of PubMatic stock at an average price of $8.42, totaling $370,480.
• PubMatic reported a quarterly loss with earnings per share of ($0.11), missing estimates, despite a revenue increase of 5.6% year-over-year.
• Analysts have downgraded PubMatic’s stock, with new price targets set between $9.00 and $12.00 following recent reports.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of PubMatic stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $8.42, for a total value of $370,480.00. The sale was disclosed in a filing with the SEC, which is available at this link.

PubMatic Price Performance

PUBM traded down $0.26 during trading on Tuesday, hitting $8.20. The stock had a trading volume of 775,612 shares, compared to its average volume of 588,642. The company has a 50 day moving average price of $11.62 and a 200-day moving average price of $11.35. The firm has a market cap of $397.95 million, a price-to-earnings ratio of -117.13 and a beta of 1.54. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.74.

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

Hedge Funds Weigh In On PubMatic

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in PubMatic by 2.3% in the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after purchasing an additional 1,341 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of PubMatic during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC raised its position in shares of PubMatic by 75.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after acquiring an additional 2,240 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of PubMatic by 5.7% during the fourth quarter. Russell Investments Group Ltd. now owns 47,062 shares of the company's stock worth $691,000 after acquiring an additional 2,528 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of PubMatic by 21.3% during the first quarter. US Bancorp DE now owns 14,736 shares of the company's stock worth $135,000 after acquiring an additional 2,591 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

Analysts Set New Price Targets

PUBM has been the subject of several recent research reports. Lake Street Capital downgraded PubMatic from a "buy" rating to a "hold" rating and reduced their price target for the company from $19.00 to $9.50 in a research note on Tuesday, August 12th. Evercore ISI reduced their price target on PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. B. Riley downgraded PubMatic from a "buy" rating to a "neutral" rating and reduced their price target for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. Royal Bank Of Canada reduced their price target on PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Finally, Scotiabank cut their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.79.

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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