Rajeev Goel Sells 44,000 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $8.72, for a total transaction of $383,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

PubMatic Stock Down 2.7%

NASDAQ:PUBM opened at $8.23 on Friday. The firm has a market cap of $376.28 million, a PE ratio of -117.55 and a beta of 1.50. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.74. The company’s 50-day moving average price is $8.44 and its two-hundred day moving average price is $10.18.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PUBM. Tower Research Capital LLC TRC grew its holdings in PubMatic by 264.8% during 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 during the period. Headlands Technologies LLC bought a new stake in shares of PubMatic during the first quarter worth $69,000. CWM LLC increased its position in shares of PubMatic by 506.1% during the second quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after acquiring an additional 4,980 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of PubMatic during the first quarter worth $78,000. Finally, State of Wyoming bought a new stake in shares of PubMatic during the first quarter worth $82,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JMP Securities lowered their price objective on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. B. Riley cut shares of PubMatic from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $17.00 to $9.00 in a research report on Tuesday, August 12th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of PubMatic in a research report on Tuesday, September 9th. Lake Street Capital cut shares of PubMatic from a “buy” rating to a “hold” rating and lowered their price target for the stock from $19.00 to $9.50 in a research report on Tuesday, August 12th. Finally, Evercore ISI cut their price objective on shares of PubMatic from $16.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PubMatic has an average rating of “Hold” and an average price target of $12.44.

PubMatic Company Profile

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.