PubMatic (NASDAQ:PUBM) Insider Sells $63,971.10 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,830 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.17, for a total value of $63,971.10. Following the completion of the sale, the insider owned 99,485 shares in the company, valued at $812,792.45. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PubMatic Stock Performance

PubMatic stock opened at $8.27 on Monday. The stock has a market cap of $392.00 million, a PE ratio of -26.68 and a beta of 1.48. The stock has a 50-day moving average price of $7.55 and a 200 day moving average price of $8.23. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $13.88.

PubMatic (NASDAQ:PUBM) last released 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 company had revenue of $80.05 million for the quarter, compared to analyst estimates of $76.12 million. On average, equities analysts predict that PubMatic, Inc. will post 0.22 EPS for the current year.

Trending Headlines about 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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On PubMatic

A number of institutional investors have recently bought and sold shares of the stock. Roubaix Capital LLC purchased a new position in PubMatic during the third quarter worth approximately $2,247,000. CenterBook Partners LP grew its stake 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. Acuitas Investments LLC grew its stake in shares of PubMatic by 142.8% during the 3rd quarter. Acuitas Investments LLC now owns 355,651 shares of the company’s stock valued at $2,945,000 after buying an additional 209,159 shares during the period. Pinnacle Holdings LLC increased its holdings in shares of PubMatic by 7.8% during the 3rd quarter. Pinnacle Holdings LLC now owns 138,822 shares of the company’s stock worth $1,149,000 after buying an additional 9,997 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of PubMatic during the 3rd quarter worth $360,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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.