PubMatic (NASDAQ:PUBM) CAO Lisa Gimbel Sells 1,396 Shares

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,396 shares of PubMatic stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.04, for a total transaction of $23,787.84. Following the sale, the chief accounting officer owned 16,927 shares of the company’s stock, valued at approximately $288,436.08. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lisa Gimbel also recently made the following trade(s):

• On Wednesday, August 12th, Lisa Gimbel sold 500 shares of PubMatic stock. The shares were sold at an average price of $17.50, for a total transaction of $8,750.00.

PubMatic Price Performance

NASDAQ:PUBM opened at $17.36 on Wednesday. The firm has a market capitalization of $790.75 million, a P/E ratio of -57.86 and a beta of 1.54. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $18.44. The company’s fifty day moving average price is $13.45 and its 200-day moving average price is $10.42.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. The company had revenue of $78.59 million during the quarter, compared to the consensus estimate of $68.95 million. Equities analysts anticipate that PubMatic, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in shares of PubMatic by 55.7% during the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock valued at $1,000,000 after acquiring an additional 39,124 shares during the period. Creative Planning acquired a new position in PubMatic in the 2nd quarter worth about $269,000. Rhumbline Advisers boosted its position in PubMatic by 9.7% during the second quarter. Rhumbline Advisers now owns 65,840 shares of the company’s stock worth $819,000 after purchasing an additional 5,828 shares in the last quarter. Hsbc Holdings PLC boosted its position in PubMatic by 15.0% during the second quarter. Hsbc Holdings PLC now owns 46,637 shares of the company’s stock worth $596,000 after purchasing an additional 6,066 shares in the last quarter. Finally, Invesco Ltd. boosted its position in PubMatic by 10.0% during the second quarter. Invesco Ltd. now owns 81,994 shares of the company’s stock worth $1,020,000 after purchasing an additional 7,468 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Lake Street Capital reissued a “buy” rating and issued a $20.00 price objective on shares of PubMatic in a report on Friday, August 7th. Weiss Ratings lowered PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Rosenblatt Securities lifted their price target on PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Raymond James Financial raised PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, August 7th. Finally, B. Riley Financial restated a “buy” rating on shares of PubMatic in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

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.