PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 211,302 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 211,302 shares of PubMatic stock in a transaction on Friday, August 7th. The shares were sold at an average price of $17.74, for a total transaction of $3,748,497.48. Following the completion of the transaction, the chief executive officer owned 31,692 shares in the company, valued at approximately $562,216.08. This trade represents a 86.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Stock Performance

PUBM traded up $4.30 during trading on Friday, hitting $17.78. The stock had a trading volume of 3,284,319 shares, compared to its average volume of 441,906. The firm has a market capitalization of $825.70 million, a P/E ratio of -59.26 and a beta of 1.54. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $18.44. The company’s 50-day moving average price is $12.64 and its 200 day moving average price is $9.92.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.30. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.33%. The business had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. As a group, equities analysts expect that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PUBM shares. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Raymond James Financial raised PubMatic from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday. Lake Street Capital reissued a “buy” rating and issued a $20.00 target price on shares of PubMatic in a report on Friday. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $8.00 to $21.00 in a report on Friday. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of PubMatic in a report on Friday. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.39.

PubMatic News Roundup

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic reported second-quarter revenue of $78.6 million, well above the $69.0 million consensus estimate, while adjusted earnings of $0.12 per share surpassed expectations. Revenue growth, improved profitability, and momentum across AgenticOS, connected TV, and mobile applications drove investor optimism. PubMatic Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management forecast third-quarter revenue of $75 million to $77 million, above the roughly $71.1 million analyst consensus. The company also highlighted expansion of its AI-driven “agentic advertising” platform, supporting expectations for continued growth. PubMatic Q3 Outlook
• Positive Sentiment: Analysts raised their price targets following the results. Citizens JMP increased its target to $20 with a market-outperform rating, while Rosenblatt raised its target to $23 and maintained a buy rating. Rosenblatt Raises PubMatic Price Target
• Neutral Sentiment: PubMatic will participate in upcoming financial conferences, giving management an opportunity to discuss its strategy and growth outlook with investors. PubMatic Conference Participation
• Negative Sentiment: The company plans to increase capital expenditures to approximately $20 million-$25 million as it expands its platform, which could pressure near-term free cash flow. PubMatic also announced the planned retirement of CFO Steve Pantelick, introducing a management-transition risk.

Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Simcoe Capital LLC acquired a new position in PubMatic during the fourth quarter worth about $3,625,000. CenterBook Partners LP increased its stake in shares of PubMatic by 53.3% during the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock worth $10,174,000 after purchasing an additional 398,595 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of PubMatic during the 1st quarter worth approximately $1,687,000. Renaissance Technologies LLC lifted its stake in PubMatic by 26.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after buying an additional 321,200 shares in the last quarter. Finally, Diversified Investment Strategies LLC lifted its stake in PubMatic by 40.0% in the 1st quarter. Diversified Investment Strategies LLC now owns 140,000 shares of the company’s stock valued at $1,145,000 after buying an additional 40,000 shares in the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

About PubMatic

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.