PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 6,528 Shares

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 6,528 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $53,333.76. Following the sale, the chairman directly owned 24,066 shares of the company’s stock, valued at $196,619.22. This represents a 21.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PubMatic Stock Performance

Shares of NASDAQ:PUBM remained flat at $8.27 during midday trading on Friday. 618,175 shares of the company were exchanged, compared to its average volume of 731,930. The firm has a market cap of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $13.88. The stock’s fifty day moving average price is $7.54 and its two-hundred day moving average price is $8.23.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, February 26th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The firm had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. As a group, analysts expect that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

Institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in PubMatic by 13.1% during the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after acquiring an additional 1,699 shares in the last quarter. Barclays PLC grew its position in shares of PubMatic by 1.4% in the 4th quarter. Barclays PLC now owns 126,189 shares of the company’s stock valued at $1,119,000 after acquiring an additional 1,723 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of PubMatic by 1.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after purchasing an additional 2,654 shares during the period. Finally, Quarry LP acquired a new stake in PubMatic in the 4th quarter valued at about $30,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wolfe Research restated an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. B. Riley Financial raised shares of PubMatic from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $10.50 in a research report on Friday, February 27th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.63.

PubMatic Company Profile

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.