Andrew Woods Sells 5,710 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 5,710 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $46,650.70. Following the completion of the sale, the general counsel owned 69,882 shares in the company, valued at approximately $570,935.94. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

PubMatic Price Performance

NASDAQ:PUBM remained flat at $8.27 during midday trading on Friday. The company had a trading volume of 618,175 shares, compared to its average volume of 731,930. PubMatic, Inc. has a 52-week low of $6.15 and a 52-week high of $13.88. The firm has a market cap of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48. The business’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $8.23.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.13. The company had revenue of $80.05 million for the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. As a group, equities research analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its stake in PubMatic by 320.0% during the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock worth $8,144,000 after acquiring an additional 699,549 shares in the last quarter. CenterBook Partners LP boosted its stake in PubMatic by 239.0% in the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after acquiring an additional 527,650 shares in the last quarter. Simcoe Capital LLC purchased a new position in shares of PubMatic during the fourth quarter worth about $3,625,000. UBS Group AG increased its position in shares of PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after purchasing an additional 303,479 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of PubMatic during the third quarter worth about $2,247,000. 64.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PUBM. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price target on shares of PubMatic in a report on Friday, March 20th. Wolfe Research restated an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Lake Street Capital upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PubMatic has an average rating of “Moderate Buy” and an average price target of $12.63.

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.