PubMatic (NASDAQ:PUBM) Insider Mukul Kumar Sells 5,573 Shares

06 Jan 2026, 02:34 by Sarita Garza · The Markets Daily

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) insider Mukul Kumar sold 5,573 shares of the stock in a transaction that occurred on Thursday, January 1st. The stock was sold at an average price of $8.61, for a total transaction of $47,983.53. Following the completion of the transaction, the insider owned 87,341 shares in the company, valued at $752,006.01. The trade was a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

PubMatic Stock Performance

Shares of PUBM stock traded up $0.17 during mid-day trading on Monday, reaching $8.76. 444,488 shares of the company’s stock traded hands, compared to its average volume of 459,099. The firm has a market capitalization of $406.64 million, a PE ratio of -46.11 and a beta of 1.49. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.32. The firm has a 50 day moving average price of $8.86 and a two-hundred day moving average price of $9.54.

PubMatic (NASDAQ:PUBM – Get Free Report) last released its earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $67.96 million for the quarter, compared to the consensus estimate of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. As a group, equities analysts expect that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Key Stores Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

Positive Sentiment: PubMatic launched AgenticOS, an operating system to enable autonomous, agent-to-agent programmatic advertising; management says it will help orchestrate planning, transacting and optimization across premium digital environments — a product that could expand addressable market and drive differentiated revenue growth if adopted by publishers and buyers. PubMatic Launches AgenticOS (Business Wire)
Neutral Sentiment: Media coverage of the AgenticOS launch (trade press summaries) is spreading awareness but doesn’t yet provide evidence of customer contracts or monetization timing — useful for sentiment but neutral until revenue impact is visible. PubMatic launches AgenticOS (Advanced Television)
Negative Sentiment: Multiple insiders (CEO Rajeev K. Goel, CFO Steven Pantelick, Chairman Amar K. Goel, General Counsel Andrew Woods and director Mukul Kumar) disclosed substantial open-market sales in early January — collectively roughly 116,000 shares and about $1.0M in proceeds across filings. Large insider reductions (CEO’s stake fell ~39% from combined sales; CFO reported double transactions) can be interpreted as a negative signal and may pressure sentiment near-term. See SEC disclosure examples. CEO Form 4 (SEC)

Analyst Upgrades and Downgrades

PUBM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of PubMatic from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of PubMatic in a report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a research note on Wednesday, October 8th. Evercore ISI raised their price target on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, B. Riley upped their price objective on PubMatic from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.44.

Read Our Latest Report on PubMatic

Institutional Trading of PubMatic

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after purchasing an additional 3,541 shares in the last quarter. BNP Paribas Financial Markets grew its holdings 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 in the last quarter. CWM LLC increased its stake in PubMatic by 506.1% in the 2nd quarter. CWM LLC now owns 5,964 shares of the company’s stock worth $74,000 after acquiring an additional 4,980 shares during the last quarter. State of Wyoming bought a new stake in PubMatic in the 1st quarter worth approximately $82,000. Finally, Diversified Trust Co raised its holdings in shares of PubMatic by 13.1% during the 3rd quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after acquiring an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

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.