Andrew Woods Sells 38,331 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 38,331 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $17.96, for a total transaction of $688,424.76. Following the sale, the general counsel owned 39,761 shares in the company, valued at approximately $714,107.56. This trade represents a 49.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Woods also recently made the following trade(s):

• On Thursday, July 2nd, Andrew Woods sold 5,758 shares of PubMatic stock. The shares were sold at an average price of $13.65, for a total value of $78,596.70.

PubMatic Stock Down 0.6%

Shares of PubMatic stock opened at $17.65 on Wednesday. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $18.44. The firm has a market cap of $819.67 million, a PE ratio of -58.83 and a beta of 1.54. The business’s fifty day moving average is $12.87 and its two-hundred day moving average is $10.08.

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

Analyst Ratings Changes

Several analysts have commented on PUBM shares. Jefferies Financial Group lifted their price target on PubMatic from $10.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday. Raymond James Financial raised shares of PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Friday. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $8.00 to $21.00 in a report on Friday. Citizens Jmp boosted their target price 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. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

Hedge Funds Weigh In On PubMatic

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in shares of PubMatic during the 2nd quarter valued at $1,595,000. Versant Capital Management Inc increased its holdings in PubMatic by 30.4% in the 2nd quarter. Versant Capital Management Inc now owns 10,657 shares of the company’s stock valued at $140,000 after purchasing an additional 2,482 shares in the last quarter. Quantinno Capital Management LP increased its holdings in PubMatic by 248.0% in the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after purchasing an additional 147,386 shares in the last quarter. Renaissance Technologies LLC increased its holdings in PubMatic by 26.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after purchasing an additional 321,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in PubMatic in the first quarter valued at about $1,687,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

PubMatic News Roundup

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic appointed Megan Ramm as Global Chief Revenue Officer to accelerate growth as artificial intelligence reshapes digital advertising. The hire could support expansion across mobile, connected TV and other high-growth advertising channels. PubMatic Appoints Megan Ramm as Global Chief Revenue Officer
• Positive Sentiment: Analysts raised their price targets to $20 and $23, while other firms reiterated bullish ratings or increased targets to $20-$21. The consensus rating is “Moderate Buy,” with ten analysts rating the stock Buy and one assigning a Sell rating. PubMatic Price Target Raised to $20.00 PubMatic Price Target Raised to $23.00
• Positive Sentiment: PubMatic’s latest quarter exceeded expectations: revenue reached $78.59 million versus a $68.95 million consensus estimate, while the loss of $0.03 per share was narrower than the expected $0.18 loss. Revenue grew 10.5% year over year, profitability improved through stronger mobile-app and CTV mix, and free cash flow increased 47% year over year. The company also has approximately $120 million in cash and no long-term debt.
• Neutral Sentiment: Reported short interest was listed at zero shares with a zero-day days-to-cover ratio. Because the data also showed an invalid percentage change, it provides little actionable information about short-seller positioning.
• Negative Sentiment: General Counsel Andrew Woods sold 38,331 shares for approximately $688,425, reducing his direct holdings by 49.08%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but insider selling can still weigh on sentiment. PubMatic General Counsel Insider Sale
• Negative Sentiment: One analyst commentary acknowledged the strong turnaround and balance sheet but said it was not buying after the recent rally, highlighting valuation and execution risks. PubMatic remains unprofitable, with analysts expecting a full-year loss.

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.