PubMatic (NASDAQ:PUBM) General Counsel Andrew Woods Sells 10,079 Shares of Company Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 10,079 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $18.65, for a total value of $187,973.35. Following the completion of the transaction, the general counsel owned 39,761 shares in the company, valued at $741,542.65. This represents a 20.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Woods also recently made the following trade(s):

• On Friday, October 2nd, Andrew Woods sold 5,744 shares of PubMatic stock. The shares were sold at an average price of $18.97, for a total transaction of $108,963.68.
• On Monday, August 10th, Andrew Woods sold 38,331 shares of PubMatic stock. The shares were sold at an average price of $17.96, for a total transaction of $688,424.76.

PubMatic Stock Down 1.3%

PUBM stock traded down $0.25 during trading hours on Tuesday, hitting $18.35. The company’s stock had a trading volume of 717,116 shares, compared to its average volume of 693,884. The company has a market capitalization of $835.84 million, a PE ratio of -61.16 and a beta of 1.56. PubMatic, Inc. has a 12 month low of $6.15 and a 12 month high of $19.48. The stock has a 50 day moving average price of $16.60 and a two-hundred day moving average price of $12.79.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The business had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. Sell-side analysts expect that PubMatic, Inc. will post -0.09 earnings per share for the current year.

Key Headlines Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: New Southeast Asian campaign: PubMatic and The Media Shop launched an agentic luxury advertising campaign described as the first of its kind in Southeast Asia. The initiative showcases PubMatic’s programmatic advertising platform and could help expand advertiser adoption and future revenue in the region. The Media Shop and PubMatic Launch Southeast Asia’s First Agentic Luxury Campaign
• Positive Sentiment: Analyst support remains favorable: Wall Street brokerages collectively rate PUBM “Moderate Buy,” with a reported consensus price target of $19.73. The stock is also trading above its 50-day and 200-day moving averages, indicating strong recent momentum, although the consensus target suggests limited upside from recent levels. PubMatic Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Recent earnings outperformance provides support: PubMatic’s latest quarterly results exceeded expectations, with revenue of $78.59 million versus a $68.95 million consensus estimate and a smaller-than-expected loss per share. However, the company remains unprofitable, with analysts forecasting a full-year loss.
• Negative Sentiment: Multiple insiders sold shares: CEO Rajeev Goel, CFO Steven Pantelick, Chairman Amar Goel, General Counsel Andrew Woods and insider Mukul Kumar collectively sold 94,648 shares for approximately $1.80 million at $18.97 per share. The filings state that the sales covered tax-withholding obligations related to vested equity awards, making them less concerning than discretionary selling. Nevertheless, the transactions reduced insider ownership—including the CEO’s stake by more than 50%—and could pressure sentiment, particularly with PUBM trading near its 52-week high. PubMatic Insider Stock Sales

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PUBM shares. Citigroup reaffirmed an “outperform” rating on shares of PubMatic in a research report on Friday, August 7th. Raymond James Financial raised 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. Rosenblatt Securities boosted their target price on PubMatic from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings lowered PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $20.00 target price on shares of PubMatic in a research report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.73.

Institutional Investors Weigh In On PubMatic

Several hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of PubMatic by 75.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,915 shares during the last quarter. State of Wyoming acquired a new position in PubMatic during the 1st quarter valued at $61,000. Savant Capital LLC acquired a new position in PubMatic during the 4th quarter valued at $110,000. Sei Investments Co. bought a new stake in PubMatic in the 1st quarter valued at $129,000. Finally, Versant Capital Management Inc boosted its holdings in PubMatic by 30.4% in the 2nd quarter. Versant Capital Management Inc now owns 10,657 shares of the company’s stock valued at $140,000 after purchasing an additional 2,482 shares during the period. 64.26% of the stock is owned by institutional investors.

PubMatic Company Profile

PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.

The company’s platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.