Intech Investment Management LLC Sells 10,177 Shares of PubMatic, Inc. $PUBM

Intech Investment Management LLC lowered its holdings in PubMatic, Inc. (NASDAQ:PUBM) by 22.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 35,574 shares of the company’s stock after selling 10,177 shares during the period. Intech Investment Management LLC’s holdings in PubMatic were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PUBM. Graham Holdings Co boosted its position in shares of PubMatic by 21.4% in the first quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock valued at $25,880,000 after acquiring an additional 500,000 shares during the period. Nuveen LLC bought a new position in PubMatic during the first quarter worth $3,963,000. Acadian Asset Management LLC raised its stake in PubMatic by 483.6% during the 1st quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after purchasing an additional 378,714 shares during the last quarter. Wellington Management Group LLP boosted its holdings in PubMatic by 20.0% in the 1st quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company’s stock valued at $9,852,000 after purchasing an additional 179,951 shares during the period. Finally, Trexquant Investment LP boosted its holdings in PubMatic by 140.7% in the 1st quarter. Trexquant Investment LP now owns 299,407 shares of the company’s stock valued at $2,737,000 after purchasing an additional 175,017 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price target on PubMatic from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Evercore ISI upped their price target on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Rosenblatt Securities lifted their price objective on PubMatic from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, JMP Securities lowered their price objective on PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.19.

PubMatic Trading Down 1.1%

NASDAQ PUBM opened at $9.00 on Friday. PubMatic, Inc. has a 1-year low of $7.01 and a 1-year high of $17.32. The company has a market capitalization of $417.78 million, a price-to-earnings ratio of -47.37 and a beta of 1.50. The stock’s 50 day moving average is $8.55 and its two-hundred day moving average is $10.03.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. PubMatic has set its Q4 2025 guidance at EPS. On average, analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Rajeev K. Goel sold 44,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $7.48, for a total value of $329,120.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Andrew Woods sold 4,131 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $8.23, for a total transaction of $33,998.13. Following the sale, the general counsel owned 51,495 shares of the company’s stock, valued at $423,803.85. This trade represents a 7.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 308,539 shares of company stock worth $2,553,299 in the last three months. Company insiders own 26.42% of the company’s stock.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.