PubMatic (NASDAQ:PUBM) CAO Lisa Gimbel Sells 2,863 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 2,863 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $9.89, for a total value of $28,315.07. Following the completion of the transaction, the chief accounting officer directly owned 13,677 shares in the company, valued at $135,265.53. This trade represents a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PubMatic Price Performance

Shares of NASDAQ PUBM opened at $10.06 on Wednesday. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.88. The company has a market capitalization of $467.19 million, a price-to-earnings ratio of -26.47 and a beta of 1.54. The business has a 50-day moving average of $8.99 and a 200-day moving average of $8.46.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.05. The business had revenue of $62.57 million for the quarter, compared to the consensus estimate of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. Research analysts expect that PubMatic, Inc. will post -0.38 EPS for the current fiscal year.

Analyst Ratings Changes

PUBM has been the topic of a number of recent research reports. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Tuesday, April 21st. Finally, Lake Street Capital raised PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. One equities 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Institutional Trading of PubMatic

Hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP raised its holdings in PubMatic by 248.0% in the first quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after acquiring an additional 147,386 shares in the last quarter. Renaissance Technologies LLC boosted its stake in PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after acquiring an additional 321,200 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in PubMatic during the 1st quarter worth $1,687,000. Sei Investments Co. acquired a new position in PubMatic during the 1st quarter worth $129,000. Finally, State of Wyoming bought a new stake in shares of PubMatic in the 1st quarter worth about $61,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.