Rajeev Goel Sells 49,980 Shares of PubMatic (NASDAQ:PUBM) Stock

Posted by Brenda Bartman on Aug 21st, 2026

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CEO Rajeev Goel sold 49,980 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.49, for a total value of $824,170.20. Following the sale, the chief executive officer owned 16,083 shares in the company, valued at $265,208.67. The trade was a 75.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PubMatic Trading Up 0.1%

NASDAQ:PUBM traded up $0.02 during midday trading on Friday, hitting $16.41. 527,677 shares of the stock were exchanged, compared to its average volume of 796,047. The company has a market capitalization of $747.48 million, a price-to-earnings ratio of -54.70 and a beta of 1.54. The business has a 50-day moving average price of $13.77 and a two-hundred day moving average price of $10.60. PubMatic, Inc. has a one year low of $6.15 and a one year high of $18.44.

PubMatic (NASDAQ:PUBM – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.15. The business had revenue of $78.59 million for the quarter, compared to the consensus estimate of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. Sell-side analysts forecast that PubMatic, Inc. will post -0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PUBM has been the topic of a number of analyst reports. Weiss Ratings cut PubMatic from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. B. Riley Financial reiterated a “buy” rating on shares of PubMatic in a research report on Friday, August 7th. Scotiabank raised PubMatic from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $8.00 to $21.00 in a research note on Friday, August 7th. Lake Street Capital reiterated a “buy” rating and issued a $20.00 target price on shares of PubMatic in a report on Friday, August 7th. Finally, Jefferies Financial Group raised their target price on shares of PubMatic from $10.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, PubMatic has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

View Our Latest Analysis on PubMatic

Hedge Funds Weigh In On PubMatic

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in PubMatic by 320.0% during the fourth quarter. Millennium Management LLC now owns 918,127 shares of the company’s stock worth $8,144,000 after buying an additional 699,549 shares during the last quarter. Simcoe Capital LLC bought a new position in PubMatic in the 4th quarter valued at about $3,625,000. CenterBook Partners LP lifted its position in PubMatic by 53.3% in the 4th quarter. CenterBook Partners LP now owns 1,147,055 shares of the company’s stock valued at $10,174,000 after acquiring an additional 398,595 shares in the last quarter. Renaissance Technologies LLC boosted its stake in PubMatic by 26.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company’s stock valued at $12,602,000 after purchasing an additional 321,200 shares during the last quarter. Finally, UBS Group AG boosted its stake in PubMatic by 254.7% during the 3rd quarter. UBS Group AG now owns 422,630 shares of the company’s stock valued at $3,499,000 after purchasing an additional 303,479 shares during the last quarter. 64.26% of the stock is owned by institutional investors.

PubMatic Company Profile

(Get Free Report)

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.