Insider Selling: PubMatic (NASDAQ:PUBM) CFO Sells 16,747 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 16,747 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $136,822.99. Following the completion of the sale, the chief financial officer owned 57,601 shares of the company’s stock, valued at approximately $470,600.17. This trade represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 5th, Steven Pantelick sold 18,398 shares of PubMatic stock. The stock was sold at an average price of $8.81, for a total transaction of $162,086.38.

PubMatic Stock Performance

Shares of PUBM stock remained flat at $8.27 during trading hours on Friday. The stock had a trading volume of 618,175 shares, compared to its average volume of 731,930. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.88. The business’s fifty day moving average price is $7.54 and its 200 day moving average price is $8.23. The stock has a market cap of $392.00 million, a P/E ratio of -26.68 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share 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. On average, equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PUBM has been the topic of a number of research reports. Lake Street Capital raised PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $21.00 target price on shares of PubMatic in a research report on Friday, March 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Wolfe Research reissued an “outperform” rating and set a $14.00 price target on shares of PubMatic in a research report on Monday, January 5th. Finally, B. Riley Financial upgraded shares of PubMatic from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $10.50 in a research note on Friday, February 27th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.63.

Hedge Funds Weigh In On PubMatic

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP acquired a new stake in PubMatic during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after buying an additional 3,541 shares during the period. BNP Paribas Financial Markets grew its stake in shares of PubMatic by 120.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after buying an additional 4,856 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of PubMatic during the 4th quarter worth approximately $91,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

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.