Traders should watch for downward price pressure in PUBM, particularly given the concentration of selling among C-suite executives. While the dollar amount is not massive relative to market cap, the participation of the CEO and CFO raises concerns about internal confidence. Monitor upcoming earnings and any changes in guidance.
Price Chart
Executive Summary
Six corporate insiders at PubMatic, including the CEO, CFO, and other C-suite executives, sold shares in a coordinated cluster over a 7-day window, generating $808K in open-market proceeds. The CEO alone accounted for over half the total value with a $408K sale, signaling potential lack of confidence amid modest trading volume relative to market cap.
Key Financial Metrics
Key Facts
- CEO Rajeev Goel sold $408K worth of shares (49,916 shares) on April 2, 2026, the largest individual sale in the cluster.
- CFO Steven Pantelick sold $137K on April 6 and an additional $137K on April 6 at $8.443, indicating ongoing selling pressure.
- Total open-market selling by insiders: $808K across six executives; no purchases observed.
- Total insider selling represents ~0.2% of PubMatic's $402M market cap — modest but concentrated among top leadership.
- All transactions were open-market sales (code S), not tax-related or derivative exercises.
Financial Impact
$808,000 in net insider selling over 7 days
Risk Factors
- Perception of insider pessimism could erode investor confidence.
- Potential for follow-on selling if market conditions weaken or if other insiders exit positions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PUBM-1775679236606 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 8d ago | ANALYST-UPGRADE | $18.55 $18.73 | ▲ +0.97% | ▲ +1.56% | $19.18 (+3.40%) |
Sep 4, 2026 28d ago | Insider Cluster | $16.29 $16.78 | ▲ +3.01% | ▲ +4.13% | $19.18 (+17.74%) |
Aug 21, 2026 6w ago | Insider Cluster | $16.36 $16.63 | ▼ −1.65% | ▼ −1.18% | $19.18 (−17.24%) |
Aug 18, 2026 6w ago | Insider Cluster | $16.78 $16.25 | ▼ −3.16% | ▼ −2.77% | $19.18 (+14.30%) |
Aug 14, 2026 7w ago | Insider Cluster | $17.59 $16.41 | ▲ +6.71% | ▲ +5.34% | $19.18 (−9.04%) |
Aug 10, 2026 7w ago | Insider Cluster | $17.65 $17.36 | ▼ −1.64% | ▼ −1.24% | $19.18 (+8.67%) |
Jul 27, 2026 9w ago | Insider Cluster | $13.03 $12.96 | ▲ +0.54% | ▲ +2.81% | $19.18 (−47.20%) |
Jul 17, 2026 11w ago | Insider Cluster | $12.73 $12.30 | ▼ −3.38% | ▼ −2.69% | $19.18 (+50.67%) |
Jul 6, 2026 12w ago | Insider Cluster | $13.32 $13.69 | ▲ +2.78% | ▲ +2.23% | $19.18 (+43.99%) |
Jun 11, 2026 16w ago | Institutional Cluster | $11.27 $11.30 | ▲ +0.27% | ▼ −0.17% | $19.18 (+70.19%) |
US Market Status
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