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Steven Pantelick, the Chief Financial Officer of PubMatic, Inc. (NASDAQ:PUBM), executed a transaction involving the sale of 4,000 shares of Class A Common Stock on March 3, 2025. The sale comes as PubMatic’s stock has declined 26.4% in the past week and 50.16% over the last year, with the current price showing the stock as undervalued according to InvestingPro analysis. The shares were sold at a weighted average price of $10.6065, with prices ranging from $10.28 to $10.99. This transaction, conducted under a Rule 10b5-1 trading plan adopted on May 9, 2024, amounted to a total value of $42,426.
Following the sale, Pantelick holds 22,506 shares of Class A Common Stock directly. Additionally, he acquired 4,000 shares of Class A Common Stock through a conversion of Class B Common Stock on the same date, which did not involve any monetary exchange.
Earlier in February, Pantelick also acquired 118,510 Restricted Stock Units and the same number of stock options, which are set to vest over a scheduled period, subject to continued service with the company. The company currently trades at a P/E ratio of 42.48x, with net income expected to grow this year according to InvestingPro forecasts.
In other recent news, PubMatic Inc. reported a strong performance in its Q4 2024 earnings call, surpassing expectations with an earnings per share (EPS) of $0.41, significantly higher than the projected $0.24. The company recorded a revenue of $85.5 million, slightly missing the forecast of $88.46 million, yet demonstrating a 9% year-over-year growth. Despite the revenue miss, PubMatic’s Connected TV (CTV) revenue more than doubled in 2024, becoming a crucial growth driver. The company ended Q4 with $140.6 million in cash and no debt, highlighting its financial stability.
Citizens JMP analyst Ronald Josey recently adjusted PubMatic’s stock price target from $20.00 to $18.00 but maintained a Market Outperform rating. This adjustment follows PubMatic’s announcement of its fourth-quarter performance and future expectations. The company anticipates a 7% year-over-year revenue decline in Q1 2025 but expects high single-digit growth by the end of the year. PubMatic’s strategic shift towards faster-growing advertising formats is evident, with desktop display and CTV each comprising 20% of its revenue.
Furthermore, PubMatic’s newer business ventures in Connect and Activate have shown promising development, with "emerging" revenue doubling year-over-year in 2024 and contributing 6% of Q4 revenue. Despite challenges with a significant Demand-Side Platform (DSP) partner, PubMatic’s underlying business exhibited a 16% year-over-year growth in Q4 2024, excluding the impact of this partner and political advertising contributions. The company remains optimistic about robust growth in the second half of 2025, as noted by Citizens JMP.
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