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PubMatic, Inc. (NASDAQ:PUBM) Chief Executive Officer Rajeev K. Goel sold 44,000 shares of Class A Common Stock on June 23, 2025, for approximately $484,893. The shares were sold at a weighted average price of $11.0203, with individual sales prices ranging from $10.84 to $11.12. The transaction occurred as PubMatic’s stock, currently trading at $11.33, shows signs of undervaluation according to InvestingPro analysis, despite its notably high P/E ratio of 104x.
The transaction was executed under a Rule 10b5-1 trading plan adopted on March 2, 2025. The sold securities were transferred to The Goel Family Trust, of which Goel and his spouse are beneficiaries, and subsequently sold by the trust. While this insider sale might raise questions, InvestingPro data reveals management’s commitment through active share buybacks, with 8 additional key insights available to subscribers.
On the same day, Goel exercised options to acquire 44,000 shares of Class A Common Stock, and 44,000 shares of Class B Common Stock. The $549M market cap company has maintained strong financial health, with more cash than debt on its balance sheet and liquid assets exceeding short-term obligations.
In other recent news, PubMatic Inc. reported a 4% decline in revenue for the first quarter of 2025, totaling $67.1 million. Despite the revenue drop, the company maintained its profitability with an adjusted EBITDA of $8.5 million, marking its 36th consecutive profitable quarter. Analysts had forecasted an earnings per share (EPS) of -0.2122, and the company’s ability to maintain profitability amid declining revenue highlights its effective cost management and strategic investments. PubMatic also expanded its cash reserves, generating $15.6 million in net cash from operations. The company announced the launch of a GenAI-powered media buying platform, which aligns with its strategic shift towards AI-driven solutions. Additionally, PubMatic has a strong presence in the Connected TV (CTV) market, with 80% penetration among the top 30 streamers. Looking ahead, the company expects its underlying business to grow by more than 15% in the second half of 2025. PubMatic also expanded its share repurchase program by $100 million, reflecting confidence in its strategic direction.
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