Steven Pantelick Sells 15,186 Shares of PubMatic (NASDAQ:PUBM) Stock

Key Points

• Steven Pantelick, CFO of PubMatic, sold 15,186 shares of stock on October 3rd for $127,258, reducing his stake by 35.98%.
• PubMatic's stock is currently priced at $8.44, having traded up 1.9% recently, with a market capitalization of $385.88 million.
• Research analysts have downgraded PubMatic's rating from "buy" to "hold" and lowered target prices, reflecting a cautious outlook for the stock's performance.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 15,186 shares of the firm's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $8.38, for a total value of $127,258.68. Following the sale, the chief financial officer directly owned 27,026 shares of the company's stock, valued at approximately $226,477.88. This trade represents a 35.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Steven Pantelick also recently made the following trade(s):

• On Thursday, October 2nd, Steven Pantelick sold 15,779 shares of PubMatic stock. The stock was sold at an average price of $8.23, for a total value of $129,861.17.
• On Wednesday, August 27th, Steven Pantelick sold 3,676 shares of PubMatic stock. The stock was sold at an average price of $8.44, for a total value of $31,025.44.

PubMatic Trading Up 1.9%

PUBM stock traded up $0.16 during midday trading on Friday, hitting $8.44. 450,435 shares of the company's stock were exchanged, compared to its average volume of 550,223. The business has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $10.26. The stock has a market capitalization 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 quarterly earnings results 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 for the quarter, compared to analysts' expectations of $67.77 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company's quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. As a group, research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised 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 buying an additional 2,785 shares during the period. Tower Research Capital LLC TRC raised its position in PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock valued at $61,000 after purchasing an additional 3,541 shares during the period. CWM LLC raised its position in PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company's stock valued at $74,000 after purchasing an additional 4,980 shares during the period. Headlands Technologies LLC purchased a new position in PubMatic in the first quarter valued at about $69,000. Finally, Quantbot Technologies LP purchased a new position in PubMatic in the first quarter valued at about $78,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PUBM. Lake Street Capital cut PubMatic from a "buy" rating to a "hold" rating and lowered their target price for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. B. Riley downgraded PubMatic from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. Scotiabank dropped 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. JMP Securities dropped their price objective on 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, Wall Street Zen raised PubMatic from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Four equities research 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. According to data from MarketBeat.com, PubMatic currently has an average rating of "Hold" and an average target price 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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