Insider Selling: PubMatic (NASDAQ:PUBM) Chairman Sells $53,333.76 in Stock

PubMatic, Inc. (NASDAQ:PUBM) Chairman Amar Goel sold 6,528 shares of PubMatic stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $53,333.76. Following the sale, the chairman directly owned 24,066 shares in the company, valued at approximately $196,619.22. The trade was a 21.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PubMatic Stock Performance

PUBM stock opened at $8.27 on Monday. PubMatic, Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $13.88. The company has a market capitalization of $392.00 million, a price-to-earnings ratio of -26.68 and a beta of 1.48. The business’s 50 day moving average price is $7.55 and its two-hundred day moving average price is $8.23.

PubMatic (NASDAQ:PUBM) last released its earnings results on Thursday, February 26th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%.The company had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $76.12 million. Sell-side analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC grew its position in PubMatic by 55.7% during the first quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock valued at $1,000,000 after buying an additional 39,124 shares during the period. Creative Planning bought a new position in PubMatic in the second quarter worth approximately $269,000. Rhumbline Advisers raised its position in PubMatic by 9.7% in the second quarter. Rhumbline Advisers now owns 65,840 shares of the company’s stock worth $819,000 after acquiring an additional 5,828 shares during the period. Hsbc Holdings PLC boosted its stake in shares of PubMatic by 15.0% during the 2nd quarter. Hsbc Holdings PLC now owns 46,637 shares of the company’s stock worth $596,000 after acquiring an additional 6,066 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of PubMatic by 10.0% during the 2nd quarter. Invesco Ltd. now owns 81,994 shares of the company’s stock valued at $1,020,000 after acquiring an additional 7,468 shares during the period. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

PubMatic News Roundup

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: Recent fundamentals: PubMatic reported a quarterly earnings beat (Feb. 26) with EPS $0.29 vs. $0.16 expected and revenue $80.05M vs. $76.12M expected — a point in support of the stock. Earnings / Marketbeat
• Neutral Sentiment: Technical/context: shares have traded around the low single digits relative to their 50-day ($7.54) and 200-day ($8.23) SMAs, leaving limited upside unless demand returns. Price summary
• Negative Sentiment: CEO Rajeev K. Goel sold 49,916 shares at an average $8.17, reducing his holding by ~51.1% (proceeds ~$407.8K) — a large top-exec divestiture that can be viewed as a negative signal on insider conviction. SEC Filing
• Negative Sentiment: CFO Steven Pantelick sold 16,747 shares at ~$8.17 (proceeds ~$136.8K), a ~22.5% cut in his position — further top-team selling that may amplify negative market reaction. SEC Filing
• Negative Sentiment: Chairman Amar K. Goel sold 6,528 shares at ~$8.17 (proceeds ~$53.3K), trimming his stake by ~21.3% — another insider reduction from the board level. SEC Filing
• Negative Sentiment: Other insiders (Mukul Kumar and General Counsel Andrew Woods) sold 7,830 and 5,710 shares respectively at ~$8.17, modestly reducing their positions — adds breadth to the insider selling pattern. Kumar SEC Filing Woods SEC Filing

Analysts Set New Price Targets

A number of research firms have recently weighed in on PUBM. B. Riley Financial raised shares of PubMatic from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $10.50 in a research report on Friday, February 27th. Wolfe Research restated an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Wall Street Zen downgraded shares of PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 target price on shares of PubMatic in a report on Friday, March 20th. Finally, Lake Street Capital raised PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.63.

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.