PubMatic (NASDAQ:PUBM) Insider Mukul Kumar Sells 5,573 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,573 shares of PubMatic stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $8.61, for a total transaction of $47,983.53. Following the sale, the insider directly owned 87,341 shares in the company, valued at $752,006.01. This trade represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PubMatic Price Performance

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

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $67.96 million during the quarter, compared to the consensus estimate of $63.95 million. As a group, analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

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

PubMatic News Roundup

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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PUBM. CenterBook Partners LP increased its position 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 buying an additional 527,650 shares during the period. Acadian Asset Management LLC lifted its holdings in PubMatic by 483.6% in the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after buying an additional 378,714 shares during the period. UBS Group AG boosted its position in PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after acquiring an additional 303,479 shares during the last quarter. Roubaix Capital LLC acquired a new stake in PubMatic during the 3rd quarter worth about $2,247,000. Finally, Two Sigma Investments LP raised its position in shares of PubMatic by 146.7% in the 3rd quarter. Two Sigma Investments LP now owns 384,905 shares of the company’s stock worth $3,187,000 after acquiring an additional 228,878 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.