PubMatic (NASDAQ:PUBM) Chairman Amar Goel Sells 5,279 Shares

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 5,279 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $8.61, for a total value of $45,452.19. Following the sale, the chairman owned 19,654 shares in the company, valued at approximately $169,220.94. This trade represents a 21.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PubMatic Stock Performance

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

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

More 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)

Institutional Trading of PubMatic

A number of large investors have recently modified their holdings of PUBM. State of Wyoming purchased a new position in PubMatic during the 1st quarter worth $82,000. Graham Capital Management L.P. grew its position in shares of PubMatic by 23.0% during the 1st quarter. Graham Capital Management L.P. now owns 56,931 shares of the company’s stock worth $520,000 after buying an additional 10,636 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of PubMatic by 5,304.5% during the first quarter. Cubist Systematic Strategies LLC now owns 106,523 shares of the company’s stock valued at $974,000 after buying an additional 104,552 shares during the period. Jane Street Group LLC raised its holdings in shares of PubMatic by 55.7% in the first quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock valued at $1,000,000 after acquiring an additional 39,124 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in PubMatic by 483.6% in the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock worth $4,174,000 after acquiring an additional 378,714 shares during the period. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PUBM. Wall Street Zen raised shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. B. Riley raised their price target on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a report on Monday. Finally, Evercore ISI increased their target price on PubMatic from $12.00 to $13.00 and gave the stock 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, PubMatic 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.