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

Key Points

• CEO Rajeev Goel sold 211,302 PubMatic shares at an average price of $17.74, generating approximately $3.75 million. The transaction, conducted under a Rule 10b5-1 plan, reduced his ownership by 86.96% to 31,692 shares.
• PubMatic reported quarterly revenue of $78.6 million and earnings of $0.12 per share, beating analyst estimates of $69.0 million and a $0.18-per-share loss. Management forecast third-quarter revenue of $75 million to $77 million, above consensus, though higher capital spending and a CFO transition may pressure the outlook.
• Shares rose to $17.78 and analysts became more bullish, with several raising price targets to between $20 and $23. Institutional investors own approximately 64.26% of the company.

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

PubMatic Stock Performance

Shares of PUBM traded up $4.30 during midday trading on Friday, hitting $17.78. The company had a trading volume of 3,284,319 shares, compared to its average volume of 441,906. PubMatic, Inc. has a 1 year low of $6.15 and a 1 year high of $18.44. The firm has a market capitalization of $825.70 million, a P/E ratio of -59.26 and a beta of 1.54. The company's 50-day simple moving average is $12.64 and its 200-day simple moving average is $9.92.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates 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 predict that PubMatic, Inc. will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of 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 acquiring an additional 699,549 shares during the last quarter. Simcoe Capital LLC acquired a new position in PubMatic in the fourth quarter valued at $3,625,000. CenterBook Partners LP raised its holdings in shares of PubMatic by 53.3% in the fourth quarter. CenterBook Partners LP now owns 1,147,055 shares of the company's stock valued at $10,174,000 after buying an additional 398,595 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of PubMatic by 26.3% during the first quarter. Renaissance Technologies LLC now owns 1,540,533 shares of the company's stock worth $12,602,000 after buying an additional 321,200 shares during the last quarter. Finally, UBS Group AG raised 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 acquiring an additional 303,479 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.

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.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada raised their price target on PubMatic from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. Citigroup restated an "outperform" rating on shares of PubMatic in a research note on Friday. Raymond James Financial upgraded shares of PubMatic from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Friday. Citizens Jmp raised their price objective on shares of PubMatic from $12.00 to $20.00 and gave the stock a "market outperform" rating in a report on Friday. Finally, Scotiabank upgraded shares of PubMatic from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $8.00 to $21.00 in a report on Friday. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PubMatic currently has an average rating of "Moderate Buy" and an average price target of $17.39.

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.

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