Pubmatic CEO Amar Goel Sells Stock Worth $60,641 By Investing.com

Amar K. Goel, Chairman and Chief Innovation Officer of PubMatic, Inc., sold (NASDAQ:PUBM) recently sold shares of the company, according to a filing with the Securities and Exchange Commission. The transaction occurred on January 2, 2025, and included the sale of 4,087 shares at a weighted average price of $14.8377 per share, for a total of $60,641. PubMatic, with a market cap of $733 million, has demonstrated strong financial health with a strong balance sheet showing more cash than debt, and maintaining a healthy gross profit margin of 65%.

The sale was effected to cover tax withholding obligations related to the vesting and settlement of restricted stock units. Following this transaction, Goel will directly own 14,044 shares of Class A common stock of PubMatic. according to InvestingProwhich provides comprehensive analysis of over 1,400 stocks including PubMatic, the company appears undervalued based on fair value analysis.

In addition, Goel exercised several restricted stock units on December 31, 2024 and January 1, 2025, receiving a total of 10,196 shares for no cash consideration. These transactions reflect the continued stewardship of the stock holdings by Joel, who continues to play an important role in leading the company. The company has shown positive momentum with revenue growing by 13% over the past 12 months and maintains a strong current ratio of 1.35, indicating strong financial stability in the short term.

In other recent news, PubMatic, a digital advertising technology company, beat third-quarter expectations with a 13% increase in revenue year-over-year, driven by progress in Connected TV (CTV) and generated artificial intelligence in political ads. The company’s adjusted EBITDA was reported at $18.5 million, indicating a healthy margin of 26%. PubMatic has also expanded its partnership with western union (NYSE:), using its Selling Platform (SSP) to enhance on-site monetization and simplify advertising strategies.

This collaboration is expected to create personalized advertising opportunities for a diverse and multicultural audience. Furthermore, PubMatic continues to invest in AI technologies and has introduced an AI-powered political ad classification tool and a CTV marketplace to curate inventory. As a result of these developments, PubMatic raised its full-year revenue guidance to between $292 million and $296 million.

These latest developments highlight PubMatic’s commitment to innovation and growth in the ad technology space. However, the company remains cautiously optimistic about the upcoming holiday season and growth in 2025. This information is based on recent earnings calls and press releases from PubMatic.

This article was created with the power of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.