Steven Pantelick Sells 16,747 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 16,747 shares of PubMatic stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $136,822.99. Following the sale, the chief financial officer owned 57,601 shares of the company’s stock, valued at approximately $470,600.17. This represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Pantelick also recently made the following trade(s):

• On Monday, January 5th, Steven Pantelick sold 18,398 shares of PubMatic stock. The shares were sold at an average price of $8.81, for a total value of $162,086.38.

PubMatic Stock Performance

NASDAQ:PUBM opened at $8.27 on Friday. The company has a market capitalization of $392.00 million, a P/E ratio of -26.68 and a beta of 1.48. The stock’s 50 day moving average price is $7.55 and its 200 day moving average price is $8.23. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88.

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

Institutional Investors Weigh In On PubMatic

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

Analyst Upgrades and Downgrades

PUBM has been the topic of several recent research reports. Wolfe Research restated an “outperform” rating and set a $14.00 target price on shares of PubMatic in a report on Monday, January 5th. B. Riley Financial raised PubMatic from a “neutral” rating to a “buy” rating and increased their price objective for the company from $10.00 to $10.50 in a report on Friday, February 27th. Wall Street Zen downgraded PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 target price on shares of PubMatic in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.63.

PubMatic News Summary

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

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.