PubMatic, Inc. $PUBM Stock Position Raised by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM) by 53.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,147,055 shares of the company’s stock after buying an additional 398,595 shares during the period. CenterBook Partners LP’s holdings in PubMatic were worth $10,174,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC grew its position 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 during the last quarter. BNP Paribas Financial Markets boosted its stake in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the period. M&T Bank Corp acquired a new position in PubMatic during the 4th quarter valued at about $91,000. Savant Capital LLC bought a new position in PubMatic in the 4th quarter worth about $110,000. Finally, Versor Investments LP bought a new position in PubMatic in the 4th quarter worth about $115,000. Institutional investors own 64.26% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CFO Steven Pantelick sold 16,282 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.44, for a total value of $137,420.08. Following the completion of the sale, the chief financial officer directly owned 41,319 shares of the company’s stock, valued at approximately $348,732.36. This represents a 28.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lisa Gimbel sold 2,863 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $9.89, for a total transaction of $28,315.07. Following the completion of the sale, the chief accounting officer directly owned 13,677 shares of the company’s stock, valued at approximately $135,265.53. This represents a 17.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 245,876 shares of company stock worth $2,238,967. Company insiders own 27.78% of the company’s stock.

PubMatic Stock Performance

NASDAQ PUBM opened at $11.54 on Monday. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88. The stock has a market cap of $535.92 million, a price-to-earnings ratio of -30.37 and a beta of 1.56. The company has a 50-day moving average price of $9.75 and a two-hundred day moving average price of $8.69.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The company had revenue of $62.57 million during the quarter, compared to analyst estimates of $60.42 million. PubMatic had a negative net margin of 6.21% and a negative return on equity of 6.98%. As a group, equities research analysts expect that PubMatic, Inc. will post -0.25 earnings per share for the current fiscal year.

PubMatic 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.