PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $8.80, for a total transaction of $387,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PubMatic Stock Performance

PUBM opened at $8.76 on Tuesday. The stock’s 50 day moving average price is $8.86 and its 200-day moving average price is $9.54. PubMatic, Inc. has a one year low of $7.01 and a one year high of $17.32. The stock has a market cap of $406.64 million, a price-to-earnings ratio of -46.11 and a beta of 1.49.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. As a group, analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in PubMatic by 10.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,468,503 shares of the company’s stock worth $12,159,000 after acquiring an additional 135,070 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of PubMatic by 5.3% in the second quarter. Geode Capital Management LLC now owns 985,948 shares of the company’s stock worth $12,267,000 after purchasing an additional 49,209 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of PubMatic by 239.0% during the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock worth $6,197,000 after purchasing an additional 527,650 shares during the period. Acadian Asset Management LLC boosted its position in PubMatic by 37.4% in the second quarter. Acadian Asset Management LLC now owns 628,139 shares of the company’s stock valued at $7,810,000 after buying an additional 171,106 shares during the last quarter. Finally, UBS Group AG boosted its position in PubMatic by 254.7% in the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after buying an additional 303,479 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic launched AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising; management says it will help orchestrate planning, transacting and optimization across premium digital environments — a product that could expand addressable market and drive differentiated revenue growth if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
• Neutral Sentiment: Media coverage of the AgenticOS launch (trade press summaries) is spreading awareness but doesn’t yet provide evidence of customer contracts or monetization timing — useful for sentiment but neutral until revenue impact is visible. PubMatic launches AgenticOS (Advanced Television)
• Negative Sentiment: Multiple insiders (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar) disclosed substantial open-market sales in early January — collectively roughly 116,000 shares and about $1.0M in proceeds across filings. Large insider reductions (CEO’s stake fell ~39% from combined sales; CFO reported double transactions) can be interpreted as a negative signal and may pressure sentiment near-term. See SEC disclosure examples. CEO Form 4 (SEC)

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PUBM shares. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. B. Riley raised their price objective on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Wolfe Research reissued an “outperform” rating and set a $14.00 price target on shares of PubMatic in a research report on Monday. Finally, Evercore ISI raised their price target on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.44.

PubMatic Company Profile

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.