PubMatic (NASDAQ:PUBM) CFO Steven Pantelick Sells 22,203 Shares

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 22,203 shares of PubMatic stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $17.25, for a total value of $383,001.75. Following the sale, the chief financial officer directly owned 30,069 shares of the company’s stock, valued at approximately $518,690.25. The trade was a 42.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 13th, Steven Pantelick sold 19,716 shares of PubMatic stock. The shares were sold at an average price of $17.31, for a total value of $341,283.96.
• On Monday, July 6th, Steven Pantelick sold 12,548 shares of PubMatic stock. The shares were sold at an average price of $13.42, for a total value of $168,394.16.
• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The shares were sold at an average price of $13.65, for a total value of $321,430.20.

PubMatic Price Performance

PUBM stock opened at $17.59 on Friday. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $18.44. The stock has a market capitalization of $801.22 million, a price-to-earnings ratio of -58.63 and a beta of 1.54. The business’s fifty day moving average price is $13.21 and its two-hundred day moving average price is $10.27.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. The company had revenue of $78.59 million during the quarter, compared to analysts’ expectations of $68.95 million. Research analysts expect that PubMatic, Inc. will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PUBM. Quarry LP acquired a new stake in shares of PubMatic in the 4th quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd increased its position in 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 in the last quarter. Tower Research Capital LLC TRC increased its position in 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 in the last quarter. State of Wyoming bought a new position in PubMatic in the 1st quarter valued at approximately $61,000. Finally, BNP Paribas Financial Markets lifted its stake in PubMatic by 120.8% in 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. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

PUBM has been the subject of a number of recent research reports. B. Riley Financial reissued a “buy” rating on shares of PubMatic 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 report on Friday, August 7th. Rosenblatt Securities lifted their price target on shares of PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on PubMatic from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Evercore reissued an “outperform” rating and set a $21.00 price target on shares of PubMatic in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.25.

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.