PubMatic (NASDAQ:PUBM) Insider Mukul Kumar Sells 8,000 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $11.96, for a total transaction of $95,680.00. Following the transaction, the insider directly owned 100,869 shares of the company’s stock, valued at $1,206,393.24. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mukul Kumar also recently made the following trade(s):

• On Thursday, April 2nd, Mukul Kumar sold 7,830 shares of PubMatic stock. The shares were sold at an average price of $8.17, for a total transaction of $63,971.10.

PubMatic Stock Down 5.5%

PUBM opened at $11.38 on Thursday. The firm has a 50-day simple moving average of $9.61 and a two-hundred day simple moving average of $8.66. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The company has a market capitalization of $528.49 million, a PE ratio of -29.95 and a beta of 1.57.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.05. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. The business had revenue of $62.57 million during the quarter, compared to the consensus estimate of $60.42 million. As a group, sell-side analysts expect that PubMatic, Inc. will post -0.25 earnings per share for the current year.

Institutional Trading of PubMatic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roubaix Capital LLC purchased a new stake in PubMatic in the 3rd quarter worth about $2,247,000. Acuitas Investments LLC raised its position in PubMatic by 142.8% in the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock worth $2,945,000 after purchasing an additional 209,159 shares during the period. CenterBook Partners LP raised its position in PubMatic by 239.0% in the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock worth $6,197,000 after purchasing an additional 527,650 shares during the period. Simcoe Capital LLC purchased a new stake in PubMatic in the 4th quarter worth about $3,625,000. Finally, S Squared Technology LLC raised its position in PubMatic by 7.7% in the 4th quarter. S Squared Technology LLC now owns 280,972 shares of the company’s stock worth $2,492,000 after purchasing an additional 20,000 shares during the period. 64.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PUBM. B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Lake Street Capital raised shares of PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price target on shares of PubMatic in a report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.88.

PubMatic Company Profile

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.