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

Key Points

• CEO Rajeev Goel of PubMatic sold 44,000 shares at an average price of $8.45, totaling over $371,800 in value.
• PubMatic's stock reached $8.89 recently, with a trading volume significantly exceeding its average, while the company's market cap stands at $406.45 million.
• The company reported a negative EPS of ($0.11) for the last quarter, missing the consensus estimate, although revenue increased 5.6% year-over-year.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, October 6th. The stock was sold at an average price of $8.45, for a total value of $371,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Price Performance

Shares of PUBM traded up $0.62 during trading hours on Wednesday, hitting $8.89. The stock had a trading volume of 1,818,541 shares, compared to its average volume of 592,928. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.74. The firm has a market capitalization of $406.45 million, a PE ratio of -126.98 and a beta of 1.50. The stock has a fifty day moving average price of $8.97 and a 200 day moving average price of $10.25.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The firm had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. During the same period in the previous year, the firm earned $0.04 EPS. The business's revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On PubMatic

Several large investors have recently made changes to their positions in the business. Graham Holdings Co lifted its position in shares of PubMatic by 21.4% in the first quarter. Graham Holdings Co now owns 2,831,462 shares of the company's stock valued at $25,880,000 after acquiring an additional 500,000 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of PubMatic by 20.0% in the first quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company's stock valued at $9,852,000 after acquiring an additional 179,951 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of PubMatic by 5.3% in the second quarter. Geode Capital Management LLC now owns 985,948 shares of the company's stock valued at $12,267,000 after acquiring an additional 49,209 shares in the last quarter. Nixon Capital LLC lifted its position in shares of PubMatic by 8.7% in the first quarter. Nixon Capital LLC now owns 628,753 shares of the company's stock valued at $5,747,000 after acquiring an additional 50,494 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of PubMatic by 37.4% in the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company's stock valued at $7,810,000 after acquiring an additional 171,106 shares in the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada cut their price objective on PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Scotiabank lowered their target price on PubMatic from $15.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 12th. Lake Street Capital downgraded PubMatic from a "buy" rating to a "hold" rating and lowered their target price for the company from $19.00 to $9.50 in a research report on Tuesday, August 12th. JMP Securities lowered their target price 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. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $17.00 target price on shares of PubMatic in a research report on Tuesday, September 9th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.44.

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.

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