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PubMatic, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 22 Mar 2022.
PubMatic, Inc.: what insiders have been doing
This page follows insider dealings at PubMatic, Inc. as filed with SEC (Form 4), a company from the Media & Communication sector. Between 18 October 2025 and 18 October 2026, 16 insiders published 139 filings.
All open-market trades in the period are sales: 56 sales worth €13.8M, by 7 insiders, with no purchase on record. The amount is not disclosed for 1 filing. The largest single trade was a sale of €3.3M by Goel Rajeev K., published on 7 August 2026, equal to 0.44% of the market capitalisation.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 139 filings here. Our records for PubMatic, Inc. go back to 2021, with 3 purchases and 118 sales on the open market in total. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 282.9 m USD and net income at -14.5 m USD.
The median gap between a trade and its publication by SEC (Form 4) is 2 days. For comparison, the SEC allows two business days to file a Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
In the same sector, recent insider purchases at Globalstar, Inc. and Liberty Latin America Ltd. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
507
Thresholds
n/a
Buy Volume
€714,719
3 ops. · all time
Sell Volume
€20M
118 ops. · all time
Who traded when
BuySaleRajeev K. Goel20 sales
Amar K. Goel10 sales
Steven Pantelick10 sales
Andrew Woods8 sales
Lisa Gimbel8 sales
Mukul Kumar7 sales
+1 other insider
Since the insiders bought
- -47.4%Entry US$25.40 · Close at T+365 US$13.37
- -26.7%Entry US$27.35 · Close at T+365 US$20.05
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 16,524 of 24,148 companies
39.5
score / 100
Value35
Quality44
FCF yld6.1%
Earn yld-1.9%
EV/EBITDA30.2x
ROE-5.6%
Gross mgn64%
Net mgn-5.1%
Debt/EBITDA1.7x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$16.64
Analyst consensus
11 analysts1.77/5
US$18.00Target US$21.00(+26%)US$24.00
Income statement
RevenueUS$282.9M
Gross profitUS$179.8M64% margin
EBITDAUS$26.5M9% margin
Net income-US$14.5M-4.7% margin
Valuation
PER (forward)20.5x
P/Book3.2x
Beta1.56
Balance sheet & cash
Market capUS$758M
Total debtUS$43.9M
Free Cash FlowUS$46.2M
Debt / Equity17%
Profitability & ownership
ROE-5.6%
ROA-1.2%
% insiders1.1%
% institutions82.6%
Last declaration on 6 October 2026
Declarations507 total
10,079 shares@ US$18.65230.022% mcap15.4% of flowClass A Common StockSEC:0001966530-26-000015:0
22,173 shares@ US$18.6630.049% mcap13.0% of flowClass A Common StockSEC:0001833465-26-000016:0
10,795 shares@ US$18.66490.024% mcap16.3% of flowClass A Common StockSEC:0001833508-26-000015:0
22,173 shares@ US$18.420.049% mcap42.7% of flowCommonSEC144:0001950047-26-010055
10,079 shares@ US$18.420.022% mcap25.1% of flowCommonSEC144:0001950047-26-010034
97,657 shares0Class A Common StockSEC:0001833511-26-000040:0
15,823 shares0Class A Common StockSEC:0001966530-26-000014:0
45,664 shares0Class A Common StockSEC:0001833465-26-000014:0
19,974 shares0Class A Common StockSEC:0001833462-26-000018:0
18,097 shares0Class A Common StockSEC:0001833508-26-000014:0
512 shares@ US$19.43040.0012% mcap1.0% of flowClass A Common StockSEC:0001966530-26-000014:2
651 shares@ US$19.43040.0015% mcap1.2% of flowClass A Common StockSEC:0001833508-26-000014:2
45,758 shares@ US$18.92890.10% mcap7.6% of flowClass A Common StockSEC:0001833511-26-000040:1
4,475 shares@ US$19.43040.010% mcap0.8% of flowClass A Common StockSEC:0001833511-26-000040:2
5,232 shares@ US$18.92890.012% mcap9.6% of flowClass A Common StockSEC:0001966530-26-000014:1
21,398 shares@ US$18.92890.048% mcap14.7% of flowClass A Common StockSEC:0001833465-26-000014:1
2,093 shares@ US$19.43040.0048% mcap1.5% of flowClass A Common StockSEC:0001833465-26-000014:2
7,176 shares@ US$18.92890.016% mcap13.0% of flowClass A Common StockSEC:0001833462-26-000018:1
702 shares@ US$19.43040.0016% mcap1.3% of flowClass A Common StockSEC:0001833462-26-000018:2
6,651 shares@ US$18.92890.015% mcap12.2% of flowClass A Common StockSEC:0001833508-26-000014:1
500 shares@ US$18.990.0011% mcap11.7% of flowClass A Common StockSEC:0001980851-26-000011:0
34,370 sharesClass A Common StockSEC:0001833511-26-000038:0
10,080 shares@ US$18.05160.021% mcap1.7% of flowClass A Common StockSEC:0001833511-26-000038:1
40,373 shares@ US$18.54390.088% mcap7.1% of flowClass A Common StockSEC:0001833511-26-000038:2
25 of 507 declarations
About PubMatic, Inc.
PubMatic, Inc. is a U.S.-based advertising technology company listed on the NASDAQ in the United States under the ticker PUBM. Founded in 2006 and headquartered in Redwood City, California, the company was built around a publisher-first thesis: digital content owners should retain control over their inventory, data, and monetization. Over time, PubMatic has positioned itself as a specialized programmatic advertising infrastructure provider operating across the open internet.
The company’s business is anchored in an AI-powered, unified platform that connects buyers, publishers, data partners, and commerce media participants. Historically strongest on the sell side, PubMatic has expanded beyond traditional supply-side platform functionality into buyer-oriented solutions, curation and activation tools, and first-party data monetization capabilities. Its core offering set includes publisher monetization software, yield optimization tools, transparent media buying solutions, and products tailored to CTV, mobile app, and omnichannel environments.
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From a competitive standpoint, PubMatic is differentiated as an independent ad tech infrastructure layer focused on transparency, publisher control, and operational efficiency. The company operates globally and serves a broad base of premium publishers and data partners, giving it access to substantial impression volumes and transaction flow across multiple ad formats. That global footprint supports scale, but PubMatic remains exposed to advertising demand cyclicality, privacy-related changes in the digital ecosystem, and competition from larger platforms and integrated DSP ecosystems.
Recent developments underscore a strategic push toward AI-led product innovation. In 2025 and 2026, PubMatic highlighted launches and expansions around AgenticOS, AI Insights, and an AI-enhanced media buying platform. The company also emphasized strategic partnerships in CTV, technical collaboration with NVIDIA, and continued share repurchases, suggesting a disciplined capital allocation framework. For investors, PubMatic represents a digital advertising infrastructure name with structural exposure to CTV growth, video monetization, and marketing automation, rather than a traditional media company.
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