PubMatic CEO Rajeev Goel sells $3.75 million in company stock

Rajeev Goel, CEO and largest shareholder of PubMatic, sold 211,302 shares of the company's Class A Common Stock on August 7, 2026 for $3,749,427. The sale occurred at a weighted average price of $17.7444 per share, ranging from $17.6284 to $17.9125. This move came as PubMatic's stock approached its 52-week high of $18.44, following a 110% gain over the past year.

The transactions were executed under a pre-approved Rule 10b5-1 trading plan adopted by Goel on March 5, 2026. Prior to the sale, Goel exercised options to purchase 211,302 shares of Class B Common Stock, which converted to Class A shares, leaving him with 31,692 shares of Class A directly owned. His total beneficial ownership now stands at 2,381,386 shares, including both Class A and B stocks.

Despite this sale, the stock appears overvalued relative to its Fair Value estimate, according to InvestingPro analysis. The news follows PubMatic's strong second-quarter 2026 results, where adjusted earnings per share came in at $0.12, exceeding estimates of $0.23 loss. Revenue of $78.6 million also surpassed forecasted $69.03 million, with positive analyst upgrades from firms like Rosenblatt, B.Riley, and Raymond James.