Insider Selling: PubMatic (NASDAQ:PUBM) Chairman Sells 10,795 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 10,795 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $18.66, for a total transaction of $201,434.70. Following the transaction, the chairman directly owned 35,580 shares in the company, valued at approximately $663,922.80. This represents a 23.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Trading Down 1.3%

Shares of NASDAQ:PUBM traded down $0.25 on Tuesday, reaching $18.35. 717,116 shares of the company’s stock were exchanged, compared to its average volume of 693,884. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $19.48. The company has a fifty day moving average of $16.60 and a 200-day moving average of $12.79. The company has a market capitalization of $835.84 million, a price-to-earnings ratio of -61.16 and a beta of 1.56.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The company had revenue of $78.59 million during the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. As a group, equities research analysts forecast that PubMatic, Inc. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PUBM shares. Lake Street Capital reaffirmed a “buy” rating and issued a $20.00 price objective on shares of PubMatic in a report on Friday, August 7th. Citigroup reissued an “outperform” rating on shares of PubMatic in a report on Friday, August 7th. Scotiabank upgraded PubMatic from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $8.00 to $21.00 in a research report on Friday, August 7th. Craig Hallum assumed coverage on PubMatic in a research note on Thursday, September 24th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Rosenblatt Securities upped their price objective on shares of PubMatic from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.73.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd lifted its holdings in shares of PubMatic by 28.0% in the second quarter. WINTON GROUP Ltd now owns 16,900 shares of the company’s stock worth $222,000 after acquiring an additional 3,700 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of PubMatic by 168.8% during the 2nd quarter. Squarepoint Ops LLC now owns 62,137 shares of the company’s stock valued at $815,000 after purchasing an additional 39,023 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of PubMatic during the 2nd quarter valued at approximately $872,000. Pinnacle Holdings LLC bought a new stake in shares of PubMatic during the 2nd quarter valued at approximately $2,076,000. Finally, Bank of New York Mellon Corp acquired a new position in PubMatic during the 2nd quarter worth approximately $1,595,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Key PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: New Southeast Asian campaign: PubMatic and The Media Shop launched an agentic luxury advertising campaign described as the first of its kind in Southeast Asia. The initiative showcases PubMatic’s programmatic advertising platform and could help expand advertiser adoption and future revenue in the region. The Media Shop and PubMatic Launch Southeast Asia’s First Agentic Luxury Campaign
• Positive Sentiment: Analyst support remains favorable: Wall Street brokerages collectively rate PUBM “Moderate Buy,” with a reported consensus price target of $19.73. The stock is also trading above its 50-day and 200-day moving averages, indicating strong recent momentum, although the consensus target suggests limited upside from recent levels. PubMatic Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Recent earnings outperformance provides support: PubMatic’s latest quarterly results exceeded expectations, with revenue of $78.59 million versus a $68.95 million consensus estimate and a smaller-than-expected loss per share. However, the company remains unprofitable, with analysts forecasting a full-year loss.
• Negative Sentiment: Multiple insiders sold shares: CEO Rajeev Goel, CFO Steven Pantelick, Chairman Amar Goel, General Counsel Andrew Woods and insider Mukul Kumar collectively sold 94,648 shares for approximately $1.80 million at $18.97 per share. The filings state that the sales covered tax-withholding obligations related to vested equity awards, making them less concerning than discretionary selling. Nevertheless, the transactions reduced insider ownership—including the CEO’s stake by more than 50%—and could pressure sentiment, particularly with PUBM trading near its 52-week high. PubMatic Insider Stock Sales

About PubMatic

PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.

The company’s platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.