Insider Selling: PubMatic (NASDAQ:PUBM) General Counsel Sells 4,131 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 4,131 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $8.23, for a total transaction of $33,998.13. Following the transaction, the general counsel directly owned 51,495 shares in the company, valued at approximately $423,803.85. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

PubMatic Stock Performance

Shares of PUBM opened at $8.44 on Monday. The stock has a market capitalization of $385.88 million, a PE ratio of -120.55 and a beta of 1.50. The company has a 50 day moving average price of $9.13 and a 200-day moving average price of $10.27. PubMatic, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.74.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The firm had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. Equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on PUBM shares. Lake Street Capital cut shares of PubMatic from a “buy” rating to a “hold” rating and lowered their target price for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. Royal Bank Of Canada dropped their price objective on shares of PubMatic from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. JMP Securities cut their price target on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. Scotiabank cut their price objective on shares of PubMatic from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.44.

Hedge Funds Weigh In On PubMatic

Several hedge funds and other institutional investors have recently made changes to their positions in PUBM. GAMMA Investing LLC increased its position in shares of PubMatic by 23,208.3% during the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after purchasing an additional 2,785 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of PubMatic by 264.8% in the second 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 in the last quarter. CWM LLC increased its holdings in shares of PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after purchasing an additional 4,980 shares during the last quarter. Headlands Technologies LLC purchased a new position in PubMatic during the first quarter worth approximately $69,000. Finally, Quantbot Technologies LP acquired a new position in PubMatic during the first quarter worth $78,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.