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Pubmatic CFO Steven Pantelick sold shares for $148,970 from Investing.com


REDWOOD CITY, Calif.-Steven Pantelick, Chief Financial Officer of PubMatic, Inc. (NASDAQ:PUBM), reported the sale of 10,040 shares of the company’s Class A Common Stock, according to a recent SEC filing. The transaction, which occurred on January 2, 2025, was executed at a weighted average price of $14.8377 per share, for a total of approximately $148,970. According to InvestingPro date, PubMatic, currently valued at $733 million, shows strong financial health with more cash than debt on its balance sheet.

The sale was part of a block trade involving several security holders, with prices ranging from $14.61 to $15.09 per share. The shares were sold to cover tax withholding obligations related to the acquisition and settlement of restricted stock units (RSUs).

After this transaction, Pantelick continues to hold 38,285 shares directly. In addition to the sale, Pantelick acquired a total of 25,819 shares of Class A Common Stock through the grant of RSUs on December 31, 2024 and January 1, 2025, at no cost.

The transactions highlight the ongoing management of equity shares by PubMatic’s executive team as they navigate stock-based compensation and tax obligations.

In other recent news, PubMatic, a digital advertising technology company, reported a 13% year-over-year increase in the third quarter of 2024, exceeding market expectations. Revenue growth was driven by significant advances in Connected TV (CTV) and the innovative use of generative AI in political advertising. The company’s adjusted EBITDA was $18.5 million, reflecting a healthy margin of 26%.

PubMatic has also expanded its partnership with Western Union (NYSE:), a move aimed at strengthening on-site monetization and simplifying the latter’s advertising strategies. The partnership will use PubMatic’s Sell-Side Platform (SSP) to leverage Western Union’s first-party data for audience expansion.

In addition to these developments, PubMatic’s mobile app business sustained its growth trajectory, expanding more than 20% for the fourth consecutive quarter. The company also introduced an AI-powered political ad ranking tool and a CTV Marketplace for inventory curation.

Looking ahead, PubMatic raised its full-year revenue guidance to between $292 million and $296 million, with Q4 revenue expected to fall between $86 million and $90 million. The company remains cautiously optimistic about the upcoming holiday season and growth in 2025, with investments in AI technologies to boost efficiency and productivity. These are the recent developments in the company’s operations.

This article was generated with AI support and reviewed by an editor. For more information see our T&C.




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2025-01-03 23:26:00

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