PubMatic (NASDAQ:PUBM) CFO Steven Pantelick Sells 19,716 Shares

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 19,716 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $17.31, for a total transaction of $341,283.96. Following the completion of the transaction, the chief financial officer owned 10,353 shares of the company’s stock, valued at approximately $179,210.43. The trade was a 65.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Steven Pantelick also recently made the following trade(s):

• On Wednesday, August 12th, Steven Pantelick sold 22,203 shares of PubMatic stock. The stock was sold at an average price of $17.25, for a total transaction of $383,001.75.
• On Monday, July 6th, Steven Pantelick sold 12,548 shares of PubMatic stock. The shares were sold at an average price of $13.42, for a total transaction of $168,394.16.
• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The shares were sold at an average price of $13.65, for a total transaction of $321,430.20.

PubMatic Stock Performance

Shares of PubMatic stock opened at $17.59 on Friday. The company has a market capitalization of $801.22 million, a P/E ratio of -58.63 and a beta of 1.54. The company has a fifty day moving average of $13.21 and a 200 day moving average of $10.27. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $18.44.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.15. The business had revenue of $78.59 million during the quarter, compared to analyst estimates of $68.95 million. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. Analysts forecast that PubMatic, Inc. will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Pinnacle Holdings LLC purchased a new stake in shares of PubMatic in the second quarter worth about $2,076,000. Bank of New York Mellon Corp bought a new position in PubMatic during the second quarter valued at approximately $1,595,000. Versant Capital Management Inc grew its holdings in PubMatic by 30.4% during the 2nd quarter. Versant Capital Management Inc now owns 10,657 shares of the company’s stock valued at $140,000 after buying an additional 2,482 shares in the last quarter. Quantinno Capital Management LP grew its holdings in PubMatic by 248.0% during the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after buying an additional 147,386 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after buying an additional 321,200 shares in the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PUBM shares. Citigroup reissued an “outperform” rating on shares of PubMatic in a research note on Friday, August 7th. Raymond James Financial upgraded PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, August 7th. Citizens Jmp increased their price objective on shares of PubMatic from $12.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Weiss Ratings cut shares of PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, B. Riley Financial reissued a “buy” rating on shares of PubMatic in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

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.