Insider Selling: PubMatic (NASDAQ:PUBM) Insider Sells $107,794.05 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,897 shares of PubMatic stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $13.65, for a total transaction of $107,794.05. Following the completion of the transaction, the insider directly owned 112,945 shares of the company’s stock, valued at $1,541,699.25. The trade was a 6.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mukul Kumar also recently made the following trade(s):

• On Tuesday, June 2nd, Mukul Kumar sold 8,000 shares of PubMatic stock. The stock was sold at an average price of $11.96, for a total transaction of $95,680.00.

PubMatic Stock Down 1.2%

PUBM stock opened at $13.16 on Thursday. PubMatic, Inc. has a 52-week low of $6.15 and a 52-week high of $13.99. The firm has a market cap of $611.15 million, a P/E ratio of -34.63 and a beta of 1.51. The company’s 50-day simple moving average is $11.26 and its 200-day simple moving average is $9.20.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.05. The firm had revenue of $62.57 million during the quarter, compared to analyst estimates of $60.42 million. PubMatic had a negative return on equity of 6.98% and a negative net margin of 6.21%. On average, analysts anticipate that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PUBM. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 target price on shares of PubMatic in a research note on Thursday, April 23rd. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada boosted their price target on shares of PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research report on Tuesday, April 21st. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PubMatic presently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in PubMatic by 55.7% during the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock worth $1,000,000 after purchasing an additional 39,124 shares during the last quarter. Creative Planning acquired a new stake in shares of PubMatic in the second quarter valued at about $269,000. Rhumbline Advisers raised its position in shares of PubMatic by 9.7% in the second quarter. Rhumbline Advisers now owns 65,840 shares of the company’s stock valued at $819,000 after buying an additional 5,828 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of PubMatic by 15.0% in the second quarter. Hsbc Holdings PLC now owns 46,637 shares of the company’s stock worth $596,000 after buying an additional 6,066 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of PubMatic by 10.0% in the second quarter. Invesco Ltd. now owns 81,994 shares of the company’s stock worth $1,020,000 after buying an additional 7,468 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

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.