PubMatic (PUBM) President Kumar Mukul Sells $134K of Stock

PubMatic, Inc. (NASDAQ:PUBM) President of Engineering Kumar Mukul sold 8,000 shares of the cloud infrastructure platform on September 16, 2026. According to a Form 4 filed with the SEC, the transaction took place at a price of $16.78 per share, resulting in a total value of $134,228. The planned sale was executed under a pre-arranged plan.

PUBM PubMatic, Inc.

$17.01 ▲ +98.02% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Kumar Mukul's Trade

Mukul executed the sale of 8,000 shares on September 16, 2026, when the stock closed at $16.85. The transaction code for the move was a sale, and the filing notes it was a planned trade.

Other Institutional Activity in PubMatic

Other large funds have recently adjusted their positions in the technology company. Graham Holdings Co maintained its stake with 3,398,904 shares valued at $57,815,357. Acadian Asset Management LLC reduced its holdings by 2,680 shares, ending with 1,573,911 shares worth $26,772,226. Renaissance Technologies LLC cut its position by 119,551 shares, leaving it with 1,421,049 shares valued at $24,172,043. Whitefort Capital Management LP increased its stake by 420,636 shares, or 61.0%, to hold 1,110,656 shares worth $18,892,258. Jacobs Levy Equity Management Inc trimmed its holdings by 69,267 shares, or 7.4%, finishing with 862,996 shares valued at $14,679,562.

PubMatic, Inc. Stock Down 0.4%

PubMatic shares recently traded around $16.57 as of October 16, 2026, sitting 1.7% below their closing price on the day of Mukul's trade. The stock has experienced a wide 52-week range, reaching a low of $6.15 and a high of $19.48. Shares currently trade 5.0% below their 50-day moving average of $17.44 and 41.8% above their 200-day moving average of $11.69. With a market capitalization of roughly $774.8 million, the equity trades below the average analyst price target of $21.00.

Recent Earnings

PubMatic reported $289.17 million in trailing twelve month revenue alongside an earnings per share of -$0.29. The company operates with a trailing net profit margin of -4.7% and a return on equity of -5.6%. The next earnings release is scheduled for November 9, 2026.

Insider Buying and Selling at PubMatic, Inc.

Additional insider transactions occurred later in the autumn. On October 2, 2026, Chairman of the Board Amar K. Goel sold 7,302 shares valued at $138,545, while General Counsel Andrew Woods sold 5,744 shares worth $108,984. Shortly after, on October 5, 2026, Amar K. Goel sold another 10,795 shares at $18.66 each for a total of $201,488, and Andrew Woods sold 10,079 shares at $18.65 each for $187,997.

Analysts Set New Price Targets

Wall Street firms have updated their outlooks on the technology provider ahead of upcoming reports. On August 7, 2026, Citizens maintained its Market Outperform rating while lifting its price target from $12.00 to $20.00. On the same day, Scotiabank upgraded the stock to Sector Outperform and raised its target from $8.00 to $21.00, while Raymond James upgraded the company to Outperform with a $22.00 target. Later, on August 11, 2026, Jefferies maintained a Hold rating and increased its target from $10.00 to $18.00, and Evercore ISI Group maintained an Outperform rating with a target raised from $15.00 to $21.00. The stock carries a consensus mean target price of $21.00 across 11 analyst opinions.

About PubMatic

PubMatic, Inc. provides a cloud infrastructure platform that facilitates real-time programmatic advertising transactions. The Redwood City, California-based firm operates a sell-side platform connecting digital content creators and publishers with buyers. The upcoming earnings report in November will provide fresh insight into the company's financial trajectory.

Bottom Line

Investors are keeping an eye on the upcoming earnings report scheduled for November 9, 2026, to gauge ongoing revenue growth and profitability trends. Further regulatory filings will reveal whether executive and insider transactions continue at the same pace.