PubMatic (NASDAQ:PUBM) General Counsel Andrew Woods Sells 4,881 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 4,881 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 $42,025.41. Following the completion of the transaction, the general counsel directly owned 59,769 shares of the company’s stock, valued at $514,611.09. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Trading Up 2.0%

PUBM 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 twelve month low of $7.01 and a twelve month high of $17.32. The company’s 50 day moving average is $8.86 and its two-hundred 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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $63.95 million. On average, equities research analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Key Stores Impacting 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)

Analyst Upgrades and Downgrades

PUBM has been the subject of a number of research analyst reports. Rosenblatt Securities upped their target price on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Wolfe Research reiterated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research report on Monday. Finally, B. Riley raised their price objective on shares of PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.44.

Hedge Funds Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently bought and sold shares of PUBM. Acuitas Investments LLC increased its stake in 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 during the period. Sherbrooke Park Advisers LLC purchased a new stake in shares of PubMatic in the third quarter valued at about $160,000. Prelude Capital Management LLC acquired a new position in shares of PubMatic during the third quarter worth about $176,000. Public Employees Retirement System of Ohio raised its holdings in PubMatic by 60.5% during the third quarter. Public Employees Retirement System of Ohio now owns 54,088 shares of the company’s stock worth $448,000 after purchasing an additional 20,388 shares in the last quarter. Finally, Numerai GP LLC purchased a new position in PubMatic during the third quarter worth about $287,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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.