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

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 22,203 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $17.25, for a total value of $383,001.75. Following the completion of the transaction, the chief financial officer directly owned 30,069 shares of the company’s stock, valued at approximately $518,690.25. This represents 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 this hyperlink. 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 stock was sold at an average price of $17.31, for a total transaction 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 transaction of $168,394.16.
• On Thursday, July 2nd, Steven Pantelick sold 23,548 shares of PubMatic stock. The stock was sold at an average price of $13.65, for a total transaction of $321,430.20.

PubMatic Stock Performance

Shares of NASDAQ:PUBM traded up $0.31 during midday trading on Friday, hitting $17.59. The company’s stock had a trading volume of 663,492 shares, compared to its average volume of 691,807. The company has a market cap of $816.88 million, a P/E ratio of -58.63 and a beta of 1.54. PubMatic, Inc. has a 12-month low of $6.15 and a 12-month high of $18.44. The business’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $10.22.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, sell-side analysts predict that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PUBM shares. Raymond James Financial upgraded PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Friday, August 7th. Citizens Jmp raised their target price on PubMatic from $12.00 to $20.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Lake Street Capital reiterated a “buy” rating and set a $20.00 price target on shares of PubMatic in a report on Friday, August 7th. Wall Street Zen raised shares of PubMatic from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Ten 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of PubMatic by 1.4% in the 4th quarter. Barclays PLC now owns 126,189 shares of the company’s stock valued at $1,119,000 after buying an additional 1,723 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $39,000 after acquiring an additional 1,915 shares during the period. Versant Capital Management Inc grew its position 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 acquiring an additional 2,482 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PubMatic by 1.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock valued at $1,757,000 after acquiring an additional 2,654 shares in the last quarter. Finally, Diversified Trust Co increased its stake in PubMatic by 20.8% during the first quarter. Diversified Trust Co now owns 17,564 shares of the company’s stock worth $144,000 after purchasing an additional 3,022 shares during the period. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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.