PubMatic (NASDAQ:PUBM) CFO Sells $168,394.16 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 12,548 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.42, for a total value of $168,394.16. Following the transaction, the chief financial officer owned 52,272 shares of the company’s stock, valued at approximately $701,490.24. The trade was a 19.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.

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

• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The stock was sold at an average price of $13.65, for a total value of $321,430.20.

PubMatic Trading Down 1.2%

NASDAQ:PUBM opened at $13.16 on Thursday. The business’s 50-day moving average is $11.26 and its 200 day moving average is $9.20. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $13.99. The company has a market capitalization of $611.15 million, a P/E ratio of -34.63 and a beta of 1.51.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.05. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%.The business had revenue of $62.57 million during the quarter, compared to analysts’ expectations of $60.42 million. On average, research analysts forecast that PubMatic, Inc. will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PUBM. Quarry LP bought a new position in PubMatic during the fourth quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of PubMatic by 75.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,915 shares during the period. State of Wyoming purchased a new position in shares of PubMatic during the 1st quarter worth about $61,000. Tower Research Capital LLC TRC grew its holdings in PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PUBM has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Tuesday, April 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price target on shares of PubMatic in a report on Thursday, April 23rd. Wall Street Zen upgraded PubMatic from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, B. Riley Financial reissued a “buy” rating on shares of PubMatic in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

About PubMatic

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.