PubMatic (NASDAQ:PUBM) CFO Steven Pantelick Sells 23,548 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 23,548 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $13.65, for a total value of $321,430.20. Following the sale, the chief financial officer owned 64,820 shares of the company’s stock, valued at approximately $884,793. The trade was a 26.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 value of $168,394.16.

PubMatic Stock Down 0.2%

PUBM stock traded down $0.03 during midday trading on Monday, reaching $13.52. The stock had a trading volume of 433,149 shares, compared to its average volume of 704,710. The firm has a market cap of $627.91 million, a price-to-earnings ratio of -35.58 and a beta of 1.51. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $13.99. The business has a fifty day simple moving average of $11.04 and a two-hundred day simple moving average of $9.11.

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

Hedge Funds Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acuitas Investments LLC increased its position in shares of PubMatic by 142.8% in the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after buying an additional 209,159 shares in the last quarter. Simcoe Capital LLC acquired a new stake in PubMatic during the 4th quarter worth $3,625,000. CenterBook Partners LP lifted its holdings in PubMatic by 53.3% during the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after acquiring an additional 398,595 shares in the last quarter. Leibman Financial Services Inc. grew its stake in PubMatic by 10.3% in the fourth quarter. Leibman Financial Services Inc. now owns 115,610 shares of the company’s stock valued at $1,025,000 after acquiring an additional 10,786 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in PubMatic by 75.6% in the fourth 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. 64.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.