Insider Selling: PubMatic (NASDAQ:PUBM) CFO Sells 22,173 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 22,173 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $18.66, for a total transaction of $413,748.18. Following the completion of the sale, the chief financial officer owned 10,353 shares of the company’s stock, valued at approximately $193,186.98. The trade was a 68.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Steven Pantelick also recently made the following trade(s):

• On Friday, October 2nd, Steven Pantelick sold 23,491 shares of PubMatic stock. The shares were sold at an average price of $18.97, for a total value of $445,624.27.
• On Thursday, August 13th, Steven Pantelick sold 19,716 shares of PubMatic stock. The shares were sold at an average price of $17.31, for a total value of $341,283.96.
• On Wednesday, August 12th, Steven Pantelick sold 22,203 shares of PubMatic stock. The stock was sold at an average price of $17.25, for a total value of $383,001.75.

PubMatic Trading Down 1.3%

NASDAQ PUBM traded down $0.25 on Tuesday, reaching $18.35. 717,116 shares of the company were exchanged, compared to its average volume of 693,884. The business’s fifty day moving average price is $16.60 and its 200 day moving average price is $12.79. The stock has a market capitalization of $835.84 million, a P/E ratio of -61.16 and a beta of 1.56. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $19.48.

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

Key PubMatic News

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 Analyst Weigh In

A number of equities analysts have commented on the stock. Lake Street Capital reaffirmed a “buy” rating and set a $20.00 target price on shares of PubMatic in a research note on Friday, August 7th. Citigroup reissued an “outperform” rating on shares of PubMatic in a research note on Friday, August 7th. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $8.00 to $21.00 in a report on Friday, August 7th. Craig Hallum assumed coverage on shares of PubMatic in a research report on Thursday, September 24th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Citizens Jmp upped their price objective on PubMatic from $12.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.73.

Institutional Investors Weigh In On PubMatic

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CenterBook Partners LP boosted its holdings in PubMatic by 53.3% in the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock valued at $10,174,000 after purchasing an additional 398,595 shares during the period. Renaissance Technologies LLC increased its holdings in PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock worth $12,602,000 after purchasing an additional 321,200 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in PubMatic during the 1st quarter worth about $1,687,000. Pinnacle Holdings LLC acquired a new stake in PubMatic in the 2nd quarter valued at about $2,076,000. Finally, Quantinno Capital Management LP raised its position in PubMatic by 248.0% in the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock valued at $1,692,000 after purchasing an additional 147,386 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

About PubMatic

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.