Chief Financial Officer Steven Pantelick of PubMatic Inc (PUBM, Financial) executed a sale of 4,000 shares of the company on November 4, 2024, according to a recent SEC Filing. The transaction occurred at a price of $14.45 per share. Following this transaction, the insider now directly owns 22,506 shares of the company.
PubMatic Inc operates in the digital advertising sector. The company provides a cloud infrastructure platform that enables real-time programmatic advertising transactions. It is known for its publisher-focused sell-side platform.
Over the past year, Steven Pantelick has sold a total of 126,705 shares of PubMatic Inc and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 74 insider sells and no insider buys over the past year.
The shares of PubMatic Inc were trading at $14.45 on the day of the transaction, giving the company a market cap of approximately $785.414 million. The price-earnings ratio of the company stands at 41.22, which is above the industry median of 26.3.
According to the GF Value assessment, PubMatic Inc is currently modestly undervalued, with a price-to-GF-Value ratio of 0.69. The GF Value of $20.87 suggests a potential undervaluation of the stock based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking ownership changes and evaluating the stock based on its current market valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
