PubMatic (PUBM) President Mukul Kumar Sells $137K of Stock

PubMatic, Inc. President of Engineering Mukul Kumar sold 8,000 shares of the cloud infrastructure platform on October 16, 2026. According to a Form 4 filed with the SEC, the shares were disposed of at an average price of $17.12, bringing the total transaction value to $136,984.80.

PUBM PubMatic, Inc.

$17.01 ▲ +98.02% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Mukul Kumar's PUBM Trade

The sale was executed under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Kumar directly holds 117,041 shares of PUBM. The disposal trimmed his personal stake in the software application company by roughly 6.4%.

Other Institutional Activity in PubMatic

Other institutional investors have adjusted their positions in the tech firm recently. Graham Holdings Co held steady with 3,398,904 shares worth about $57,815,357. Acadian Asset Management, LLC trimmed its holdings by 2,680 shares, ending with 1,573,911 shares valued at roughly $26,772,226. Renaissance Technologies, LLC reduced its stake by 119,551 shares to hold 1,421,049 shares worth about $24,172,043. Whitefort Capital Management, LP grew its holdings by 420,636 shares, ending with 1,110,656 shares worth about $18,892,258. Jacobs Levy Equity Management, Inc. cut its position by 69,267 shares, leaving it with 862,996 shares valued at approximately $14,679,562.

PubMatic, Inc. Stock Up 2.2%

PUBM recently traded around $17.01. That puts the shares down about 2.5% from their 50-day moving average of $17.44 and roughly 12.7% below their 52-week high of $19.48. The company has a market capitalization of roughly $774.8 million and a beta of 1.558.

Recent Earnings

PubMatic reported trailing-twelve-month revenue of $289,166,016 with a year-over-year growth rate of 10.5%. The firm recorded negative earnings per share of $0.29 over the same period, alongside a net profit margin of negative 4.7% and a return on equity of negative 5.6%. The company's next quarterly financial results are scheduled for release on November 9, 2026.

Insider Buying and Selling at PubMatic, Inc.

Insider transactions at the firm included several prior sales. Mukul Kumar sold 7,878 shares on October 2, 2026. Chief Financial Officer Steven M. Pantelick disposed of 22,173 shares at $18.66 each for a total value of $413,815 on October 5, 2026. Chairman of the Board Amar K. Goel sold 10,795 shares at $18.66 each on October 5, 2026, totaling $201,488. General Counsel Andrew Woods parted with 10,079 shares at $18.65 each on October 5, 2026, worth $187,997.

Analysts Set New Price Targets

Wall Street research firms have updated their outlooks on the software provider in recent months. On August 7, 2026, Citizens maintained a Market Outperform rating while raising its price target to $20.00 from $12.00. Jefferies kept a Hold rating on August 11, 2026, while lifting its target to $18.00. Evercore ISI Group maintained an Outperform rating on August 11, 2026, raising its target from $15.00 to $21.00. B. Riley Securities maintained a Buy rating on September 18, 2026, lifting its target to $21.00 from $17.00. Craig-Hallum initiated coverage with a Buy rating and a $24.00 price target on September 24, 2026. Overall, the stock carries a consensus recommendation key from eleven analysts with a mean target price of $21.00.

About PubMatic

PubMatic operates a cloud infrastructure platform that facilitates real-time programmatic advertising transactions. The company's sell-side platform connects publishers and buyers to manage and monetize digital ad inventory across the globe.

Bottom Line

Insider sales like this one offer a look at how executives manage their personal equity holdings over time. Market watchers will keep an eye on upcoming earnings announcements and regulatory filings for further clues on institutional and insider sentiment.