Steven Pantelick Sells 15,779 Shares of PubMatic (NASDAQ:PUBM) Stock

Key Points

• Steven Pantelick, CFO of PubMatic, sold 15,779 shares of the company's stock on October 2nd for a total of $129,861.17, reducing his ownership by 27.21%.
• PubMatic's stock price increased by 1.9% recently, trading at $8.44, with a market cap of $385.88 million.
• The company reported a loss per share of $0.11 for the last quarter, missing analysts' estimates, despite revenue of $71.1 million, which was above expectations.

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 15,779 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $8.23, for a total transaction of $129,861.17. Following the sale, the chief financial officer owned 42,212 shares in the company, valued at $347,404.76. The trade was a 27.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, October 3rd, Steven Pantelick sold 15,186 shares of PubMatic stock. The stock was sold at an average price of $8.38, for a total transaction of $127,258.68.
• 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 transaction of $31,025.44.

PubMatic Trading Up 1.9%

PubMatic stock traded up $0.16 during trading hours on Friday, reaching $8.44. 450,435 shares of the stock were exchanged, compared to its average volume of 550,223. The company has a market cap of $385.88 million, a P/E ratio of -120.55 and a beta of 1.50. PubMatic, Inc. has a twelve month low of $7.01 and a twelve month high of $17.74. The stock has a 50 day moving average of $9.13 and a two-hundred day moving average of $10.26.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of PubMatic in a research note on Saturday, September 27th. Evercore ISI dropped their target price on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Lake Street Capital cut shares of PubMatic from a "buy" rating to a "hold" rating and dropped their target price for the stock from $19.00 to $9.50 in a report on Tuesday, August 12th. Royal Bank Of Canada dropped their target price on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, B. Riley cut shares of PubMatic from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $17.00 to $9.00 in a report on Tuesday, August 12th. 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 stock. Based on data from MarketBeat, PubMatic has a consensus rating of "Hold" and a consensus price target of $12.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Graham Holdings Co raised its holdings in PubMatic by 21.4% in the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company's stock valued at $25,880,000 after buying an additional 500,000 shares during the last quarter. Wellington Management Group LLP raised its holdings in PubMatic by 20.0% in the 1st quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company's stock valued at $9,852,000 after buying an additional 179,951 shares during the last quarter. Geode Capital Management LLC raised its holdings in PubMatic by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 985,948 shares of the company's stock valued at $12,267,000 after buying an additional 49,209 shares during the last quarter. Nixon Capital LLC raised its holdings in PubMatic by 8.7% in the 1st quarter. Nixon Capital LLC now owns 628,753 shares of the company's stock valued at $5,747,000 after buying an additional 50,494 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in PubMatic by 37.4% in the 2nd quarter. Acadian Asset Management LLC now owns 628,139 shares of the company's stock valued at $7,810,000 after buying an additional 171,106 shares during the last quarter. Institutional investors own 64.26% of the company's stock.

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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