PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 33,381 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 33,381 shares of PubMatic stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $8.23, for a total transaction of $274,725.63. Following the completion of the transaction, the chief executive officer owned 32,136 shares in the company, valued at approximately $264,479.28. This trade represents a 50.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PubMatic Stock Up 1.9%

Shares of PUBM opened at $8.44 on Friday. The firm has a market cap of $385.88 million, a PE ratio of -120.55 and a beta of 1.50. The company’s fifty day moving average is $9.13 and its two-hundred day moving average is $10.26. PubMatic, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.74.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The company had revenue of $71.10 million during the quarter, compared to analyst estimates of $67.77 million. PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

A number of institutional investors have recently added to or reduced their stakes in PUBM. Graham Holdings Co lifted its holdings in PubMatic by 21.4% in the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock worth $25,880,000 after buying an additional 500,000 shares in the last quarter. Nuveen LLC acquired a new position in PubMatic in the 1st quarter worth $3,963,000. Acadian Asset Management LLC lifted its holdings in PubMatic by 483.6% in the 1st quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock worth $4,174,000 after buying an additional 378,714 shares in the last quarter. Pacer Advisors Inc. acquired a new position in PubMatic in the 1st quarter worth $2,455,000. Finally, CenterBook Partners LP acquired a new position in PubMatic in the 2nd quarter worth $2,747,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. JMP Securities decreased their price target on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. Lake Street Capital lowered shares of PubMatic from a “buy” rating to a “hold” rating and reduced their target price for the company from $19.00 to $9.50 in a report on Tuesday, August 12th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Saturday, September 27th. Finally, Royal Bank Of Canada reduced their target price on shares of PubMatic from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.44.

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.