PubMatic (NASDAQ:PUBM) CFO Steven Pantelick Sells 18,398 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 18,398 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $8.81, for a total value of $162,086.38. Following the transaction, the chief financial officer directly owned 28,685 shares of the company’s stock, valued at $252,714.85. This trade represents a 39.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, January 2nd, Steven Pantelick sold 12,567 shares of PubMatic stock. The stock was sold at an average price of $8.61, for a total value of $108,201.87.

PubMatic Stock Up 2.0%

Shares of PubMatic stock opened at $8.76 on Tuesday. The stock has a market cap of $406.64 million, a P/E ratio of -46.11 and a beta of 1.49. PubMatic, Inc. has a 12-month low of $7.01 and a 12-month high of $17.32. The business’s 50 day moving average is $8.86 and its 200-day moving average is $9.54.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. PubMatic had a negative net margin of 2.51% and a negative return on equity of 2.78%. The business had revenue of $67.96 million for the quarter, compared to the consensus estimate of $63.95 million. On average, sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Institutional Trading of PubMatic

Several hedge funds have recently added to or reduced their stakes in PUBM. Tower Research Capital LLC TRC grew its holdings in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after buying an additional 3,541 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock worth $73,000 after buying an additional 4,856 shares in the last quarter. CWM LLC boosted its position in shares of PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after acquiring an additional 4,980 shares during the period. State of Wyoming acquired a new position in shares of PubMatic in the first quarter valued at about $82,000. Finally, Diversified Trust Co grew its stake in shares of PubMatic by 13.1% in the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock valued at $122,000 after acquiring an additional 1,699 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PUBM. Wolfe Research reiterated an “outperform” rating and set a $14.00 price target on shares of PubMatic in a report on Monday. B. Riley lifted their target price on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Rosenblatt Securities raised their price target on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Evercore ISI upped their price objective on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.44.

Key PubMatic News

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)

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.