REDWOOD CITY, CA – In a recent transaction, PubMatic, Inc. (NASDAQ:PUBM) Chief Growth Officer, Paulina Klimenko, sold shares of the company’s stock, according to a Form 4 filed with the Securities and Exchange Commission. The transaction, which took place on October 1, 2024, involved the sale of 586 shares of Class A Common Stock at a weighted average price ranging from $14.82 to $14.91, for a total value of $8,712.
The sale was part of a block trade for multiple security holders and was executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). These RSUs represent a right to receive shares of the company’s stock at no cost upon settlement. The reported sales were specifically to satisfy tax withholding obligations through a “sell to cover” transaction.
Following the sale, Klimenko’s holdings in PubMatic decreased to 6,618 shares of Class A Common Stock. It is not uncommon for executives to sell shares for personal financial planning purposes or to meet tax obligations associated with the vesting of equity awards.
PubMatic, headquartered in Redwood (NYSE:) City, California, operates in the digital advertising sector, providing a platform that enables real-time programmatic advertising transactions. The company has been a key player in the industry, with a focus on driving growth and innovation in the digital advertising space.
Investors often monitor insider transactions as they can provide insights into how executives view the company’s stock value and future prospects. However, it should be noted that there are many reasons why executives may choose to buy or sell shares, and such transactions do not necessarily signal a change in the company’s outlook.
The transactions were signed off by Andrew Woods, Attorney-in-Fact, on October 2, 2024. Additional details regarding the specific prices at which shares were sold within the reported range can be provided upon request to the issuer, security holders of the issuer, or the SEC staff.
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PUBM
0. Management has been aggressively buying back shares
PUBM
1. Holds more cash than debt on its balance sheet
PUBM
2. High shareholder yield
PUBM
3. Net income is expected to grow this year
PUBM
4. 3 analysts have revised their earnings downwards for the upcoming period
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5. Trading at a low P/E ratio relative to near-term earnings growth
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6. Trading at a high earnings multiple
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7. Liquid assets exceed short term obligations
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8. Trading at a high EBIT valuation multiple
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9. Price has fallen significantly over the last three months
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10. Stock has taken a big hit over the last six months
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11. Analysts predict the company will be profitable this year
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12. Profitable over the last twelve months
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13. Does not pay a dividend to shareholders
InvestingPro Data:
Market Cap (Adjusted) -: 715.5M USD
PUBM
P/E Ratio -: 36.57
PUBM
P/E Ratio (Adjusted) LTM2024.Q2 -: 35.71
PUBM
PEG Ratio LTM2024.Q2 -: 0.1
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Price / Book LTM2024.Q2 -: 2.53
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Revenue LTM2024.Q2 -: 282.25M USD
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Revenue Growth LTM2024.Q2 -: 9.6 %
PUBM
Revenue Growth (Quarterly) FY2024.Q2 -: 6.22 %
PUBM
Gross Profit LTM2024.Q2 -: 181.36M USD
PUBM
Gross Profit Margin LTM2024.Q2 -: 64.26 %
PUBM
Operating Income, Adjusted LTM2024.Q2 -: 10.33M USD
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Operating Income Margin LTM2024.Q2 -: 3.66 %
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EBIT LTM2024.Q2 -: 10.33M USD
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EBITDA LTM2024.Q2 -: 38.72M USD
PUBM
EBITDA Growth LTM2024.Q2 -: -2.78 %
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Basic EPS (Cont. Ops) LTM2024.Q2 -: 0.4 USD
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Diluted EPS (Cont. Ops) LTM2024.Q2 -: 0.36 USD
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Return on Assets LTM2024.Q2 -: 3.18 %
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1 Week Price Total Return Y2024.D276 -: 1.33 %
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1 Month Price Total Return Y2024.D276 -: -7.5 %
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3 Month Price Total Return Y2024.D276 -: -29.4 %
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6 Month Price Total Return Y2024.D276 -: -38.91 %
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YTD Price Total Return Y2024.D276 -: -11.53 %
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1 Year Price Total Return Y2024.D276 -: 22.7 %
PUBM
Price % of 52 Week High -: 56.9 %
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Price, Previous Close -: 14.4 USD
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Average Daily Volume (3m) Y2024.D276 -: 0.52M USD
PUBM
Next Earnings Date -: 2024-11-05
PUBM
Fair Value (Analyst Targets) Y2024.D276 -: 20 USD
PUBM
InvestingPro Fair Value -: 19.08 USD
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Article to enrich:
REDWOOD CITY, CA – In a recent transaction, PubMatic, Inc. (NASDAQ:PUBM) Chief Growth Officer, Paulina Klimenko, sold shares of the company’s stock, according to a Form 4 filed with the Securities and Exchange Commission. The transaction, which took place on October 1, 2024, involved the sale of 586 shares of Class A Common Stock at a weighted average price ranging from $14.82 to $14.91, for a total value of $8,712.
The sale was part of a block trade for multiple security holders and was executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). These RSUs represent a right to receive shares of the company’s stock at no cost upon settlement. The reported sales were specifically to satisfy tax withholding obligations through a “sell to cover” transaction.
Following the sale, Klimenko’s holdings in PubMatic decreased to 6,618 shares of Class A Common Stock. It is not uncommon for executives to sell shares for personal financial planning purposes or to meet tax obligations associated with the vesting of equity awards.
PubMatic, headquartered in Redwood City, California, operates in the digital advertising sector, providing a platform that enables real-time programmatic advertising transactions. The company has been a key player in the industry, with a focus on driving growth and innovation in the digital advertising space.
Investors often monitor insider transactions as they can provide insights into how executives view the company’s stock value and future prospects. However, it should be noted that there are many reasons why executives may choose to buy or sell shares, and such transactions do not necessarily signal a change in the company’s outlook.
The transactions were signed off by Andrew Woods, Attorney-in-Fact, on October 2, 2024. Additional details regarding the specific prices at which shares were sold within the reported range can be provided upon request to the issuer, security holders of the issuer, or the SEC staff.
In other recent news, PubMatic, the digital advertising technology firm, reported a 6% revenue increase in Q2 2024, despite market challenges. The company’s GAAP gross profit rose to $42.1 million, marking a 10% year-over-year increase, and adjusted EBITDA reached $21 million, a 31% margin. The company’s outlook for Q3 projects revenue between $65 million and $67 million and anticipates full-year revenue to reach between $288 million and $292 million.
In addition, RBC Capital adjusted its price target on PubMatic’s shares to $23.00, down from the previous $26.00, while maintaining an Outperform rating. This adjustment was influenced by a contraction in PubMatic’s peers’ multiples. Despite the adjustment, RBC Capital noted that PubMatic’s guidance appears cautious, suggesting potential for positive developments in the future.
These recent developments indicate that PubMatic may benefit from various factors, such as growth in mobile advertising, continued gains in connected TV, political advertising, and an overall improvement in the macroeconomic environment. The firm’s outlook on PubMatic remains positive, with expectations that the company will capitalize on these opportunities.
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