PubMatic (NASDAQ:PUBM) CAO Sells 1,073 Shares

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,073 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $9.37, for a total value of $10,054.01. Following the transaction, the chief accounting officer directly owned 10,492 shares of the company’s stock, valued at $98,310.04. This represents a 9.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, November 17th, Lisa Gimbel sold 1,073 shares of PubMatic stock. The stock was sold at an average price of $9.37, for a total transaction of $10,054.01.

PubMatic Stock Performance

Shares of PubMatic stock traded down $0.16 during trading on Wednesday, hitting $9.15. The company’s stock had a trading volume of 647,502 shares, compared to its average volume of 641,472. PubMatic, Inc. has a 52 week low of $7.01 and a 52 week high of $17.32. The company has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $10.13. The company has a market capitalization of $418.37 million, a PE ratio of -48.16 and a beta of 1.50.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The business had revenue of $67.96 million during the quarter, compared to the consensus estimate of $63.95 million. PubMatic has set its Q4 2025 guidance at EPS. As a group, analysts predict that PubMatic, Inc. will post 0.22 EPS for the current year.

Institutional Trading of PubMatic

A number of institutional investors have recently made changes to their positions in PUBM. Acadian Asset Management LLC boosted its position in PubMatic by 37.4% in the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock worth $7,810,000 after purchasing an additional 171,106 shares during the last quarter. State of Wyoming bought a new position in shares of PubMatic in the 1st quarter worth approximately $82,000. Acuitas Investments LLC bought a new position in shares of PubMatic in the 2nd quarter worth approximately $1,822,000. Leibman Financial Services Inc. boosted its holdings in shares of PubMatic by 65.7% in the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company’s stock worth $1,302,000 after buying an additional 41,499 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in PubMatic by 1.0% during the second quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock valued at $4,436,000 after buying an additional 3,263 shares during the period. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PUBM shares. Royal Bank Of Canada cut their target price on PubMatic from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Wolfe Research restated an “outperform” rating and set a $12.00 price objective on shares of PubMatic in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Finally, Lake Street Capital cut shares of PubMatic from a “buy” rating to a “hold” rating and cut their price target for the company from $19.00 to $9.50 in a report on Tuesday, August 12th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.19.

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.