PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $8.22, for a total value of $361,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PubMatic Price Performance

PUBM stock opened at $8.64 on Friday. The business has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $10.37. The firm has a market capitalization of $395.02 million, a PE ratio of -123.41 and a beta of 1.51. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.74.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13). The business had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PUBM. B. Riley lowered PubMatic from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, August 12th. JMP Securities lowered their price objective on PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of PubMatic in a research report on Tuesday, September 9th. Scotiabank lowered their price objective on PubMatic from $15.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 12th. Finally, Lake Street Capital lowered PubMatic from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $9.50 in a research report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PUBM. GAMMA Investing LLC boosted its position in shares of PubMatic by 23,208.3% during the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after buying an additional 2,785 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of PubMatic during the fourth quarter worth $29,000. Tower Research Capital LLC TRC raised its stake in shares of PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after acquiring an additional 3,541 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of PubMatic in the first quarter valued at $69,000. Finally, CWM LLC raised its stake in shares of PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after acquiring an additional 4,980 shares in the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.