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

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 211,302 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $17.74, for a total transaction of $3,748,497.48. Following the sale, the chief executive officer directly owned 31,692 shares in the company, valued at $562,216.08. This trade represents a 86.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Stock Performance

NASDAQ PUBM opened at $17.78 on Friday. PubMatic, Inc. has a one year low of $6.15 and a one year high of $18.44. The company has a 50-day simple moving average of $12.64 and a 200-day simple moving average of $9.92. The firm has a market capitalization of $825.70 million, a PE ratio of -59.26 and a beta of 1.54.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping 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 firm had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. Equities analysts forecast that PubMatic, Inc. will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in PubMatic in the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd grew its position in PubMatic by 75.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company’s stock valued at $39,000 after buying an additional 1,915 shares in the last quarter. State of Wyoming bought a new position in PubMatic in the 1st quarter valued at about $61,000. Tower Research Capital LLC TRC increased its stake in PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after buying an additional 3,541 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after buying an additional 4,856 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on PUBM. B. Riley Financial reissued a “buy” rating on shares of PubMatic in a report on Friday. Royal Bank Of Canada upped their price objective on PubMatic from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Rosenblatt Securities raised their target price on PubMatic from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday. Citizens Jmp raised their target price on PubMatic from $12.00 to $20.00 and gave the company a “market outperform” rating in a research note on Friday. Finally, Citigroup reissued an “outperform” rating on shares of PubMatic in a report on Friday. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and a consensus target price of $17.39.

Key PubMatic News

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.

PubMatic Company Profile

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.