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PubMatic, Inc. (NASDAQ:PUBM) Chief Accounting Officer Lisa Gimbel sold 1,062 shares of Class A Common Stock on August 18, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $8.4081, for a total value of $8,929. The prices for the block trade ranged from $8.30 to $8.515. This transaction comes as the stock trades near its 52-week low of $7.01, having declined over 44% in the past six months. According to InvestingPro analysis, the stock currently appears undervalued.
The transaction was to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
On the same day, Gimbel also exercised options to acquire a total of 2,970 shares of Class A Common Stock, through the conversion of restricted stock units. These transactions involved 1,395, 773, and 802 shares respectively, all at a price of $0.
Following these transactions, Gimbel directly owns 7,529 shares of PubMatic, Inc. Get deeper insights into PubMatic’s valuation, financial health scores, and 13 additional ProTips with InvestingPro’s comprehensive research report.
In other recent news, PubMatic reported its second-quarter earnings, revealing revenue of $71 million and EBITDA of $14 million, both surpassing analyst expectations by 5% and 30%, respectively. Despite this strong performance, the company issued guidance for the third quarter that fell short of expectations, with projected revenue between $61-$66 million and EBITDA of $7-10 million, compared to higher Street estimates. Following these developments, several analysts have adjusted their price targets for PubMatic. Evercore ISI reduced its price target to $12 while maintaining an Outperform rating, citing headwinds from a major demand-side platform (DSP) partner. Similarly, RBC Capital lowered its target to $11, describing the quarter as solid but acknowledging challenges ahead. Scotiabank (TSX:BNS) also cut its price target to $10, highlighting the weaker-than-expected guidance as a concern. Meanwhile, JMP Securities adjusted its target to $12, maintaining a Market Outperform rating, and Lake Street Capital Markets reiterated its Hold rating with a price target of $9.50. These analyst actions reflect the mixed sentiment surrounding PubMatic’s future performance amidst DSP-related challenges.
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