On November 13, 2024, Mukul Kumar, President of Engineering at PubMatic Inc (PUBM, Financial), executed a sale of 21,000 shares of the company. The transaction was filed on November 15, 2024, as reported in the SEC Filing. Following this transaction, the insider now owns 44,888 shares of PubMatic Inc.
PubMatic Inc operates in the digital advertising sector, providing a platform that enables real-time programmatic advertising transactions. The company's technology and services empower independent app developers and publishers to control and maximize their digital advertising revenue.
Over the past year, Mukul Kumar has sold a total of 126,502 shares and has not made any purchases of the company's stock. This recent sale 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.
Shares of PubMatic Inc were trading at $16.92 on the day of the sale. The company has a market cap of approximately $710.769 million. The price-earnings ratio of the stock stands at 48.00, which is above both the industry median of 26.31 and the historical median for the company.
According to the GF Value assessment, PubMatic Inc is significantly undervalued, with a GF Value of $20.92. This suggests a price-to-GF-Value ratio of 0.81.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking ownership changes and evaluating the stock's current valuation metrics against its perceived intrinsic value.
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.
