Insider Selling: PubMatic (NASDAQ:PUBM) CEO Sells $371,800.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, October 6th. The shares were sold at an average price of $8.45, for a total transaction of $371,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PubMatic Price Performance

Shares of PUBM opened at $7.99 on Friday. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $10.21. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.74. The company has a market cap of $365.30 million, a PE ratio of -114.13 and a beta of 1.50.

PubMatic (NASDAQ:PUBM) last posted 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). PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The firm had revenue of $71.10 million for the quarter, compared to analyst estimates of $67.77 million. During the same period last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. PubMatic has set its Q3 2025 guidance at EPS. Analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On PubMatic

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after acquiring an additional 2,785 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of PubMatic by 264.8% during 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 in the last quarter. Headlands Technologies LLC bought a new position in shares of PubMatic during the 1st quarter valued at $69,000. CWM LLC boosted its holdings in PubMatic by 506.1% during the 2nd quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after acquiring an additional 4,980 shares during the period. Finally, Quantbot Technologies LP bought a new stake in PubMatic during the 1st quarter valued at $78,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Wall Street Analyst Weigh In

PUBM has been the subject of a number of recent research reports. JMP Securities decreased their price target on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 12th. Evercore ISI cut their price target on PubMatic from $16.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. B. Riley cut PubMatic from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $9.00 in a research note on Tuesday, August 12th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday. Finally, Lake Street Capital cut PubMatic from a “buy” rating to a “hold” rating and dropped their price objective for the company from $19.00 to $9.50 in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.