PubMatic (NASDAQ:PUBM) Insider Mukul Kumar Sells 7,830 Shares

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $63,971.10. Following the completion of the sale, the insider directly owned 99,485 shares in the company, valued at $812,792.45. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Price Performance

Shares of PUBM stock opened at $8.27 on Friday. The firm has a market cap of $392.00 million, a P/E ratio of -26.68 and a beta of 1.48. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.88. The firm has a fifty day moving average of $7.55 and a two-hundred day moving average of $8.23.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. The business had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. On average, sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on PUBM shares. Wolfe Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of PubMatic in a report on Monday, January 5th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. B. Riley Financial upgraded PubMatic from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $10.50 in a research note on Friday, February 27th. Finally, Wall Street Zen downgraded shares of PubMatic from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

PubMatic News Summary

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat
• Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary
• Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing
• Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing
• Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing
• Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing

Hedge Funds Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in PubMatic by 10.1% in the third quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company’s stock valued at $12,159,000 after acquiring an additional 135,070 shares during the period. CenterBook Partners LP lifted its holdings in shares of PubMatic by 53.3% in the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after purchasing an additional 398,595 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of PubMatic by 9.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 929,249 shares of the company’s stock worth $8,242,000 after purchasing an additional 77,566 shares during the last quarter. Millennium Management LLC boosted its position in PubMatic by 320.0% during the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock valued at $8,144,000 after purchasing an additional 699,549 shares during the period. Finally, UBS Group AG boosted its position in PubMatic by 254.7% during the 3rd quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after purchasing an additional 303,479 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

About PubMatic

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.