PubMatic (NASDAQ:PUBM) General Counsel Sells $46,650.70 in Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 5,710 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.17, for a total transaction of $46,650.70. Following the transaction, the general counsel directly owned 69,882 shares of the company’s stock, valued at approximately $570,935.94. This 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 the SEC website.

PubMatic Stock Performance

Shares of PubMatic stock opened at $8.27 on Monday. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $13.88. The firm’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $8.23. The firm has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $80.05 million during the quarter, compared to analyst estimates of $76.12 million. On average, equities analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

Institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of PubMatic in the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of PubMatic by 264.8% during the second 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 during the last quarter. BNP Paribas Financial Markets boosted its position 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 during the period. Finally, M&T Bank Corp acquired a new position in shares of PubMatic during the fourth quarter worth approximately $91,000. Institutional investors own 64.26% of the company’s stock.

Analyst Ratings Changes

PUBM has been the topic of several research reports. Lake Street Capital raised PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Wolfe Research reiterated an “outperform” rating and set a $14.00 target price on shares of PubMatic in a research note on Monday, January 5th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 target price on shares of PubMatic in a report on Friday, March 20th. Wall Street Zen downgraded shares of PubMatic from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.63.

Key Stories Impacting PubMatic

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

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.