Insider Selling: PubMatic (NASDAQ:PUBM) General Counsel Sells $78,596.70 in Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 5,758 shares of PubMatic stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total transaction of $78,596.70. Following the completion of the transaction, the general counsel owned 81,331 shares in the company, valued at approximately $1,110,168.15. The trade was a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PubMatic Price Performance

Shares of PUBM stock opened at $13.16 on Thursday. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $13.99. The stock has a market capitalization of $611.15 million, a PE ratio of -34.63 and a beta of 1.51. The business has a 50-day moving average of $11.26 and a 200 day moving average of $9.20.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data 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 firm had revenue of $62.57 million for the quarter, compared to analyst estimates of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. Analysts anticipate that PubMatic, Inc. will post -0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, May 8th. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a report on Friday, May 8th. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $21.00 price target on shares of PubMatic in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.88.

Institutional Trading of PubMatic

Large investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of PubMatic during the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,915 shares in the last quarter. State of Wyoming purchased a new position in shares of PubMatic in the first quarter valued at $61,000. Tower Research Capital LLC TRC increased its position in PubMatic by 264.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after purchasing an additional 3,541 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in PubMatic by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after purchasing an additional 4,856 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

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.