Quantinno Capital Management LP Boosts Stake in PubMatic, Inc. $PUBM

Quantinno Capital Management LP grew its stake in shares of PubMatic, Inc. (NASDAQ:PUBM) by 248.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,815 shares of the company’s stock after buying an additional 147,386 shares during the period. Quantinno Capital Management LP owned 0.45% of PubMatic worth $1,692,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP purchased a new stake in PubMatic during the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its holdings in PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after acquiring an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of PubMatic by 264.8% during the 2nd 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 period. State of Wyoming acquired a new stake in shares of PubMatic during the first quarter worth $61,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of PubMatic by 120.8% during 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. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

PubMatic Trading Down 2.7%

PUBM stock opened at $17.18 on Thursday. The stock has a 50-day moving average price of $12.98 and a two-hundred day moving average price of $10.15. PubMatic, Inc. has a 12-month low of $6.15 and a 12-month high of $18.44. The company has a market cap of $797.84 million, a PE ratio of -57.26 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.15. The company 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%. Equities analysts forecast that PubMatic, Inc. will post -0.26 EPS for the current fiscal year.

Insider Activity at PubMatic

In other PubMatic news, CFO Steven Pantelick sold 23,548 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total transaction of $321,430.20. Following the completion of the sale, the chief financial officer directly owned 64,820 shares in the company, valued at $884,793. The trade was a 26.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rajeev K. Goel sold 211,302 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $17.74, for a total transaction of $3,748,497.48. Following the sale, the chief executive officer owned 31,692 shares of the company’s stock, valued at approximately $562,216.08. This represents a 86.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 573,917 shares of company stock worth $8,431,616. Company insiders own 27.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings lowered PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday. Citigroup reaffirmed an “outperform” rating on shares of PubMatic in a research note on Friday, August 7th. Raymond James Financial upgraded shares of PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, August 7th. Citizens Jmp raised their target price on shares of PubMatic from $12.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Finally, Rosenblatt Securities boosted their target price on shares of PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PubMatic has a consensus rating of “Moderate Buy” and an average 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.