PubMatic CEO Rajeev Goel sells $824k in stock

On August 20, 2026, PubMatic CEO Rajeev Goel sold 49,980 shares of the company's Class A Common Stock, totaling $824,260. The shares were sold at an average price of $16.4918, with individual prices ranging from $16.32 to $16.74 per share. The stock's current price of $16.41 is close to its 52-week high of $18.44, after an 81% gain over the past year.

According to InvestingPro, the stock is currently slightly overvalued, ranking among the most overvalued companies. Goel executed this sale under a Rule 10b5-1 trading plan he established on March 5, 2026. That same day, he acquired 21,871 shares of Class B Common Stock through the exercise of stock options, fully vested, and 34,371 shares of Class A Common Stock by converting Class B shares.

After these transactions, Goel directly holds 16,083 Class A shares and 2,375,148 total beneficial shares (excluding unexercised options and unvested stock units). He also holds 1,842,435 indirect Class B shares through multiple trusts and custodians. Atlassian reported strong Q4 results, with adjusted EPS of $1.87, beating estimates, and revenue of $1.77 billion, exceeding expectations.

Bank of America upgraded Atlassian to Buy, raising its price target to $175. PubMatic also delivered impressive second-quarter results, reporting adjusted earnings of $0.12 per share and revenue of $78.6 million, surpassing forecasts. Analysts attribute this success to the company's focus on AI, mobile advertising, and connected TV, highlighting sustainable improvements in the business.