PubMatic CEO Rajeev Goel sells $3.75 million in company stock By Investing.com

Rajeev K. Goel, Chief Executive Officer and a 10% owner of PubMatic, Inc. (), reported the sale of 211,302 shares of the company’s Class A Common Stock on August 7, 2026. The transactions totaled approximately $3,749,427, with shares sold at a weighted average price of $17.7444. The sale comes as the stock trades near its 52-week high of $18.44, following a remarkable 110% gain over the past year.

The sales were executed at prices ranging from $17.6284 to $17.9125 per share. These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which Mr. Goel adopted on March 5, 2026. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate, which may provide context for the timing of this planned sale.

Prior to the sales, Mr. Goel exercised options to acquire 211,302 shares of Class B Common Stock at an exercise price of $3.89 per share. These options were fully vested. Simultaneously, an equal number of Class B Common Stock shares were converted into Class A Common Stock. Each share of Class B common stock held by the Issuer’s executive officers, directors, and their respective affiliates automatically converts into one share of Class A common stock upon transfer, except for certain permitted transfers.

Following these reported transactions, Mr. Goel directly holds 31,692 shares of Class A Common Stock. His total beneficial ownership, including Class A and Class B Common Stock, amounts to 2,381,386 shares, which excludes vested but unexercised options, unvested options, and unvested restricted stock units as of the filing date. Additionally, Mr. Goel reported indirect beneficial ownership of Class B Common Stock through various family trusts and accounts for his children, including shares held by The Goel Heritage Trust, The Goel Family Gift Trust, a trust for the benefit of his child, and The Goel Family Trust. For deeper insights into PubMatic’s valuation and financial health, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

In other recent news, reported impressive fiscal Q4 results, surpassing analyst expectations with an adjusted earnings per share (EPS) of $1.87 compared to the anticipated $1.50. The company achieved revenue of $1.77 billion, significantly higher than the expected $1.66 billion, marking a 28% year-over-year increase. Atlassian’s cloud revenue grew 31% to $1.21 billion, and its remaining performance obligations increased by 44% to $4.8 billion. The company also recorded its first GAAP operating profit in over two years. Bank of America upgraded Atlassian to a Buy rating and raised its price target to $175.

Meanwhile, PubMatic also delivered strong second-quarter 2026 results, with adjusted earnings of $0.12 per share, defying predictions of a $0.23 per share loss. The company reported revenue of $78.6 million, exceeding the forecasted $69.03 million. Rosenblatt, B.Riley, and Raymond James all increased their price targets for PubMatic, citing growth in mobile app and connected TV sectors. Raymond James upgraded PubMatic to Outperform, highlighting sustainable fundamental improvements. These developments reflect a positive outlook for both Atlassian and PubMatic, according to analyst reports.

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