PubMatic (NASDAQ:PUBM) CFO Sells $413,748.18 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 22,173 shares of PubMatic stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $18.66, for a total transaction of $413,748.18. Following the completion of the transaction, the chief financial officer owned 10,353 shares of the company’s stock, valued at $193,186.98. This represents a 68.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 2nd, Steven Pantelick sold 23,491 shares of PubMatic stock. The stock was sold at an average price of $18.97, for a total transaction of $445,624.27.
• On Thursday, August 13th, Steven Pantelick sold 19,716 shares of PubMatic stock. The shares were sold at an average price of $17.31, for a total transaction of $341,283.96.
• On Wednesday, August 12th, Steven Pantelick sold 22,203 shares of PubMatic stock. The shares were sold at an average price of $17.25, for a total transaction of $383,001.75.

PubMatic Trading Down 1.3%

Shares of PUBM stock traded down $0.25 on Tuesday, reaching $18.35. 717,116 shares of the stock were exchanged, compared to its average volume of 693,884. The business’s 50 day moving average price is $16.60 and its 200 day moving average price is $12.79. The company has a market capitalization of $835.84 million, a price-to-earnings ratio of -61.16 and a beta of 1.56. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $19.48.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.15. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%.The firm had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. Equities research analysts forecast that PubMatic, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PUBM shares. Jefferies Financial Group boosted their target price on PubMatic from $10.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Rosenblatt Securities increased their price target on shares of PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Citizens Jmp raised their price objective on shares of PubMatic from $12.00 to $20.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Finally, Raymond James Financial upgraded shares of PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.73.

Key PubMatic News

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: New Southeast Asian campaign: PubMatic and The Media Shop launched an agentic luxury advertising campaign described as the first of its kind in Southeast Asia. The initiative showcases PubMatic’s programmatic advertising platform and could help expand advertiser adoption and future revenue in the region. The Media Shop and PubMatic Launch Southeast Asia’s First Agentic Luxury Campaign
• Positive Sentiment: Analyst support remains favorable: Wall Street brokerages collectively rate PUBM “Moderate Buy,” with a reported consensus price target of $19.73. The stock is also trading above its 50-day and 200-day moving averages, indicating strong recent momentum, although the consensus target suggests limited upside from recent levels. PubMatic Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Recent earnings outperformance provides support: PubMatic’s latest quarterly results exceeded expectations, with revenue of $78.59 million versus a $68.95 million consensus estimate and a smaller-than-expected loss per share. However, the company remains unprofitable, with analysts forecasting a full-year loss.
• Negative Sentiment: Multiple insiders sold shares: CEO Rajeev Goel, CFO Steven Pantelick, Chairman Amar Goel, General Counsel Andrew Woods and insider Mukul Kumar collectively sold 94,648 shares for approximately $1.80 million at $18.97 per share. The filings state that the sales covered tax-withholding obligations related to vested equity awards, making them less concerning than discretionary selling. Nevertheless, the transactions reduced insider ownership—including the CEO’s stake by more than 50%—and could pressure sentiment, particularly with PUBM trading near its 52-week high. PubMatic Insider Stock Sales

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its stake in PubMatic by 28.0% in the second quarter. WINTON GROUP Ltd now owns 16,900 shares of the company’s stock valued at $222,000 after buying an additional 3,700 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of PubMatic by 168.8% during the second quarter. Squarepoint Ops LLC now owns 62,137 shares of the company’s stock worth $815,000 after acquiring an additional 39,023 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of PubMatic in the 2nd quarter valued at $872,000. Pinnacle Holdings LLC purchased a new stake in PubMatic in the 2nd quarter valued at $2,076,000. Finally, Bank of New York Mellon Corp purchased a new stake in PubMatic in the 2nd quarter valued at $1,595,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

PubMatic Company Profile

PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.

The company’s platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.