PubMatic (NASDAQ:PUBM) Insider Sells $136,960.00 in Stock

Posted by Brian Himes on Oct 19th, 2026

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) insider Mukul Kumar sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $17.12, for a total transaction of $136,960.00. Following the transaction, the insider directly owned 117,041 shares of the company’s stock, valued at $2,003,741.92. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mukul Kumar also recently made the following trade(s):

On Friday, October 2nd, Mukul Kumar sold 7,878 shares of PubMatic stock. The shares were sold at an average price of $18.97, for a total transaction of $149,445.66.
On Wednesday, September 16th, Mukul Kumar sold 8,000 shares of PubMatic stock. The shares were sold at an average price of $16.78, for a total transaction of $134,240.00.
On Monday, August 17th, Mukul Kumar sold 8,000 shares of PubMatic stock. The stock was sold at an average price of $17.05, for a total value of $136,400.00.

PubMatic Stock Performance

Shares of PubMatic stock traded up $0.37 during midday trading on Monday, hitting $17.01. The company had a trading volume of 466,877 shares, compared to its average volume of 690,626. The stock has a market capitalization of $774.81 million, a P/E ratio of -56.70 and a beta of 1.56. The company has a 50 day moving average of $17.41 and a 200 day moving average of $13.43. PubMatic, Inc. has a 52-week low of $6.15 and a 52-week high of $19.48.

PubMatic (NASDAQ:PUBM – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. PubMatic had a negative return on equity of 5.41% and a negative net margin of 4.66%. The company had revenue of $78.59 million during the quarter, compared to analyst estimates of $68.95 million. Equities research analysts forecast that PubMatic, Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. B. Riley Financial increased their target price on PubMatic from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Citizens Jmp lifted their price target on PubMatic from $12.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of PubMatic from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Scotiabank upgraded shares of PubMatic from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $8.00 to $21.00 in a research note on Friday, August 7th. Finally, Evercore reissued an “outperform” rating and set a $21.00 price objective on shares of PubMatic in a research report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.73.

View Our Latest Stock Report on PUBM

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position 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 acquiring an additional 321,200 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in PubMatic during the 1st quarter valued at $1,687,000. Pinnacle Holdings LLC bought a new stake in shares of PubMatic in the 2nd quarter worth $2,076,000. Quantinno Capital Management LP increased its holdings in shares of PubMatic by 248.0% in the 1st quarter. Quantinno Capital Management LP now owns 206,815 shares of the company’s stock worth $1,692,000 after purchasing an additional 147,386 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of PubMatic in the 2nd quarter worth $1,595,000. Institutional investors own 64.26% of the company’s stock.

About PubMatic

(Get Free Report)

PubMatic, Inc is a cloud infrastructure and digital advertising technology company that operates a sell-side platform (SSP). Its technology helps publishers, mobile application developers and other digital content creators manage and monetize advertising inventory across websites, apps, connected television and other digital channels.

The company’s platform connects digital media sellers with advertisers and agencies through programmatic advertising, enabling the automated buying and selling of ad space.