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Insider Cluster (2 insiders) ·Filed Oct 2, 2026

PUBM

PubMatic, Inc.
NEUTRAL
Impact 2/10
Horizondays Processed23d 15h ago
Insider cluster: 2 insiders, $191K total
Actionable Insight • Neutral

The dollar value is too small relative to market cap to signal any material change in business outlook. Monitor next quarterly filing for any fundamental shifts, but this cluster alone does not warrant action.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+5d ⚠ clustered
PUBM ▼ -0.43% at T+5d
NEUTRAL call ✗ call lost -0.43% · α vs SPY -0.85% · entry $18.60 → $18.52
Next anchor: T+20d in 4d
Latest observation: T+14 -12.22% FF3 residual α
Entry anchored
Oct 2, 04:00 PM ET
via 1-min bar
T+1d
-1.34%
call -1.34% · α -1.89%
$18.35
settled 21d ago
T+5d
-0.43%
call -0.43% · α -0.85%
$18.52
settled 17d ago
T+20d
Pending
in 4d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

CEO Rajeev Goel and CAO Lisa Gimbel sold a total of $191K in PUBM shares over a one-week window. The CEO sale of $182K is the dominant trade, representing approximately 0.06% of the company's market cap. This is a small, routine cluster with no material signal.

Key Financial Metrics

Direction
selling
Total Value
$191.0K
Insiders
2

Key Facts

  • CEO Rajeev Goel sold 10,100 shares for $182K on 2026-09-24
  • CAO Lisa Gimbel sold 500 shares for $9K on 2026-10-01
  • Total insider sales: $191K, approximately 0.06% of market cap
  • No open-market purchases in the cluster

Financial Impact

Total insider sales of $191K represent a trivial fraction of market cap (<0.1%), indicating routine portfolio activity

Risk Factors

  • CEO selling could be misinterpreted by the market as a negative signal, but the amount is immaterial
  • No evidence of 10b5-1 plan, but the small size makes this routine

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-PUBM-1790973134887
19 reports for PUBM
Performance horizon
57% Hit rate @ T+5 4 of 7 directional calls Went positive at some point 4 of 7 best @ T+60▲ +42.90%Apr 22, 2026
Filters
Rows
Reports for PUBM — sortable, filterable
TypeNow
Oct 23, 2026
2d ago
Insider Cluster
BEARISH ★ 4/10
$16.93awaiting T+5—$17.24 (−1.83%)
Oct 22, 2026
3d ago
144
NEUTRAL ★ 3/10
$17.14awaiting T+5—$17.24 (+0.58%)
Oct 2, 2026
23d ago
Insider Cluster
NEUTRAL ★ 3/10
$18.60 $18.52▼ −0.43%▼ −0.85%$17.24 (−7.31%)
Oct 2, 2026
23d ago
Insider Cluster
NEUTRAL ★ 2/10
$18.60 $18.52▼ −0.43%▼ −0.85%$17.24 (−7.31%)
Sep 24, 2026
4w ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$18.55 $18.73▲ +0.97%▲ +1.56%$17.24 (−7.06%)
Sep 4, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$16.29 $16.78▲ +3.01%▲ +4.13%$17.24 (+5.83%)
Aug 21, 2026
9w ago
Insider Cluster
BEARISH ★ 5/10
$16.36 $16.63▼ −1.65%▼ −1.18%$17.24 (−5.38%)
Aug 18, 2026
9w ago
Insider Cluster
NEUTRAL ★ 5/10
$16.78 $16.25▼ −3.16%▼ −2.77%$17.24 (+2.74%)
Aug 14, 2026
10w ago
Insider Cluster
BEARISH ★ 6/10
$17.27 $16.36▲ +5.27%▲ +4.08%$17.24 (+0.17%)
Aug 10, 2026
10w ago
Insider Cluster
NEUTRAL ★ 4/10
$17.65 $17.36▼ −1.64%▼ −1.24%$17.24 (−2.32%)
Showing 10 of 19

US Market Status

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Report published Oct 2, 2026