State of Wyoming Buys New Stake in PubMatic, Inc. $PUBM

State of Wyoming bought a new stake in shares of PubMatic, Inc. (NASDAQ:PUBM) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,013 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock valued at $548,000 after buying an additional 1,341 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in PubMatic in the fourth quarter valued at $29,000. US Bancorp DE increased its holdings in PubMatic by 21.3% in the first quarter. US Bancorp DE now owns 14,736 shares of the company’s stock valued at $135,000 after buying an additional 2,591 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in PubMatic by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,025 shares of the company’s stock valued at $397,000 after buying an additional 2,647 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $26,000 after buying an additional 2,785 shares in the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Insider Buying and Selling at PubMatic

In related news, CEO Rajeev K. Goel sold 44,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $8.45, for a total transaction of $371,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Amar K. Goel sold 8,020 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $8.45, for a total transaction of $67,769.00. Following the sale, the chairman directly owned 12,496 shares of the company’s stock, valued at approximately $105,591.20. This represents a 39.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 354,914 shares of company stock worth $3,931,133 in the last 90 days. 26.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on PUBM. Royal Bank Of Canada cut their target price on shares of PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Scotiabank cut their target price on shares of PubMatic from $15.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 12th. JMP Securities cut their target price on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 12th. Evercore ISI cut their target price on shares of PubMatic from $16.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Finally, Rosenblatt Securities began coverage on shares of PubMatic in a research note on Thursday, August 21st. They set a “buy” rating and a $17.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.44.

PubMatic Trading Up 2.2%

Shares of NASDAQ PUBM opened at $8.55 on Tuesday. PubMatic, Inc. has a 12-month low of $7.01 and a 12-month high of $17.74. The stock has a market cap of $390.91 million, a PE ratio of -122.13 and a beta of 1.52. The company has a 50-day moving average of $10.77 and a 200 day moving average of $10.59.

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

About PubMatic

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.