Rajeev Goel Sells 43,077 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 43,077 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $11.30, for a total value of $486,770.10. Following the completion of the transaction, the chief executive officer owned 43,077 shares in the company, valued at $486,770.10. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a 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.

PubMatic Stock Up 1.9%

Shares of PubMatic stock opened at $11.51 on Wednesday. The firm has a market cap of $534.56 million, a price-to-earnings ratio of -30.29 and a beta of 1.56. The business has a 50-day moving average price of $10.48 and a 200-day moving average price of $8.89. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $13.88.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, topping 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 company had revenue of $62.57 million for the quarter, compared to analysts’ expectations of $60.42 million. On average, equities analysts expect that PubMatic, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Trading of PubMatic

A number of institutional investors have recently bought and sold shares of PUBM. Barclays PLC boosted its position in PubMatic by 1.4% in the 4th quarter. Barclays PLC now owns 126,189 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,723 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after buying an additional 1,915 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in PubMatic by 1.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after buying an additional 2,654 shares in the last quarter. Diversified Trust Co grew its position in PubMatic by 20.8% during the first quarter. Diversified Trust Co now owns 17,564 shares of the company’s stock valued at $144,000 after buying an additional 3,022 shares during the period. Finally, Quarry LP purchased a new position in PubMatic in the fourth quarter valued at $30,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on PUBM. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Rosenblatt Securities restated a “buy” rating and set a $21.00 price target on shares of PubMatic in a research note on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Royal Bank Of Canada increased their target price on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.