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PubMatic, Inc. (NASDAQ:PUBM), currently trading at $8.89 and down nearly 40% year-to-date, saw Chief Executive Officer Rajeev K. Goel sell 44,000 shares of Class A Common Stock on October 6, 2025, for $371,861. According to InvestingPro analysis, the company maintains a strong balance sheet with more cash than debt. The shares were sold at a price of $8.4514, with prices ranging from $8.19 to $8.635.
On the same day, Goel also exercised options to acquire 11,864 shares of Class A Common Stock.
In other recent news, PubMatic reported second-quarter revenue of $71 million and EBITDA of $14 million, surpassing analyst expectations by 5% and 30%, respectively. Despite this, the company issued a lower-than-expected guidance for the third quarter, projecting revenue between $61-$66 million and EBITDA of $7-10 million, which falls short of Street estimates. In a strategic move, PubMatic has integrated NVIDIA technology to enhance its programmatic advertising processing, achieving a fivefold increase in speed and reducing inference latency significantly. This technical advancement has resulted in 85% fewer auction timeouts, thereby unlocking previously constrained revenue.
Rosenblatt Securities initiated coverage on PubMatic with a Buy rating and a $17.00 price target, highlighting its position as the third-largest supply-side platform. However, Evercore ISI and RBC Capital both lowered their price targets for PubMatic to $12 and $11, respectively, citing challenges in the demand-side platform (DSP) market. Despite these adjustments, both firms maintained an Outperform rating on the stock. These developments reflect a mix of optimism and caution among analysts regarding PubMatic’s future performance.
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