Rajeev Goel Sells 49,916 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 49,916 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total transaction of $407,813.72. Following the sale, the chief executive officer owned 47,740 shares in the company, valued at approximately $390,035.80. This represents a 51.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PubMatic Price Performance

Shares of PubMatic stock opened at $8.27 on Friday. The firm has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $13.88. The business has a 50-day moving average price of $7.55 and a 200 day moving average price of $8.23.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The company had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. PubMatic had a negative return on equity of 5.64% and a negative net margin of 5.11%. On average, sell-side 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 issued reports on PUBM shares. Wall Street Zen lowered PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley Financial upgraded PubMatic from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.00 to $10.50 in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research note on Thursday, January 22nd. Rosenblatt Securities reaffirmed 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 upgraded shares of PubMatic from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.63.

Institutional Investors Weigh In On PubMatic

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in PubMatic by 320.0% in the 4th quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock valued at $8,144,000 after purchasing an additional 699,549 shares during the last quarter. CenterBook Partners LP raised its position in shares of PubMatic by 239.0% during the 3rd quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock valued at $6,197,000 after buying an additional 527,650 shares during the period. Simcoe Capital LLC purchased a new stake in shares of PubMatic during the 4th quarter valued at approximately $3,625,000. UBS Group AG lifted its holdings in PubMatic by 254.7% in 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. Finally, Roubaix Capital LLC acquired a new position in PubMatic in the third quarter valued at approximately $2,247,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

More PubMatic News

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.