An investigation on behalf of investors in PubMatic, Inc. (NASDAQ:PUBM) shares over potential wrongdoing at PubMatic, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/06/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at PubMatic, Inc.
Investors who purchased shares of PubMatic, Inc. (NASDAQ: PUBM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain PubMatic, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Redwood City, CA based PubMatic, Inc. provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. On December 9, 2020, PubMatic, Inc. conducted its initial public offering ("IPO") of 5.9 million shares priced at $20.00.
Then, on August 9, 2023, Oppenheimer downgraded PubMatic, Inc. to "Perform" from "Outperform", citing multiple headwinds expected in the second half of the year.Specifically Oppenheimer noted that "[m]ostly through earnings season, [PubMatic's] 2H [i.e., second-half] outlook appears materially worse than peers': exposure to bankrupt DSP MediaMath, weak demand for CTV. . . And lack of exposure to Retail Media . . . Currently, PUBM is the only digital media company talking about materially weaker 2H[.]"
Those who purchased shares of PubMatic, Inc. (NASDAQ: PUBM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.