PubMatic Inc. (PUBM) Stock Rises on Q1 2026 Earnings

PubMatic Inc. (PUBM) reported first-quarter 2026 revenue of $62.6 million, a 2.0% year‑over‑year decline. Revenue exceeded the estimate of $61.6 million, and diluted earnings per share was -0.27 versus an expected -0.3236.

Gross profit: $36.5 million (down 4.6% year‑over‑year).

Cost of sales: $26.1 million (up 2.0% year‑over‑year).

Operating loss: $15.3 million (improved 28.3% year‑over‑year).

Net loss attributable to common shareholders: $12.5 million (improved 31.9% year‑over‑year).

Balance sheet and cash-flow highlights:

Cash from operating activities: $17.3 million (up 10.7% year‑over‑year).

Capital expenditures: $11,000 (down 99.2% year‑over‑year).

Cash and cash equivalents: $144.9 million (up 42.3% year‑over‑year).

Total liabilities: $408.4 million (up 3.9% year‑over‑year).

Shares were up 1.24% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

PubMatic Inc. Insider Trading Activity

PubMatic Inc. insiders have traded $PUBM stock on the open market 32 times in the past 6 months. Of those trades, 0 have been purchases and 32 have been sales.

Here’s a breakdown of recent trading of $PUBM stock by insiders over the last 6 months:

RAJEEV K. GOEL (CHIEF EXECUTIVE OFFICER) has made 0 purchases and 15 sales selling 624,841 shares for an estimated $5,149,862.
STEVEN PANTELICK (CHIEF FINANCIAL OFFICER) has made 0 purchases and 4 sales selling 63,994 shares for an estimated $544,636.
PAULINA KLIMENKO (CHIEF GROWTH OFFICER) has made 0 purchases and 4 sales selling 45,210 shares for an estimated $383,512.
AMAR K. GOEL (CHAIRMAN, CHIEF INNOVATION OFF) has made 0 purchases and 3 sales selling 18,965 shares for an estimated $161,332.
MUKUL KUMAR (PRESIDENT, ENGINEERING) has made 0 purchases and 2 sales selling 13,403 shares for an estimated $111,996.
ANDREW WOODS (GENERAL COUNSEL & SECRETARY) has made 0 purchases and 2 sales selling 10,591 shares for an estimated $88,709.
LISA GIMBEL (CHIEF ACCOUNTING OFFICER) has made 0 purchases and 2 sales selling 2,350 shares for an estimated $18,078.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

PubMatic Inc. Hedge Fund Activity

We have seen 83 institutional investors add shares of PubMatic Inc. stock to their portfolio, and 79 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MILLENNIUM MANAGEMENT LLC added 699,549 shares (+320.0%) to their portfolio in Q4 2025, for an estimated $6,204,999
CENTERBOOK PARTNERS LP added 595,045 shares (+51.9%) to their portfolio in Q1 2026, for an estimated $4,867,468
WELLINGTON MANAGEMENT GROUP LLP removed 297,551 shares (-20.3%) from their portfolio in Q4 2025, for an estimated $2,639,277
ROUBAIX CAPITAL, LLC removed 271,335 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,406,741
BLACKROCK, INC. removed 264,811 shares (-7.8%) from their portfolio in Q4 2025, for an estimated $2,348,873
JPMORGAN CHASE & CO removed 253,254 shares (-72.7%) from their portfolio in Q4 2025, for an estimated $2,246,362
TREXQUANT INVESTMENT LP added 250,036 shares (+437.0%) to their portfolio in Q4 2025, for an estimated $2,217,819

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

PubMatic Inc. Price Targets

Multiple analysts have issued price targets for $PUBM recently. We have seen 3 analysts offer price targets for $PUBM in the last 6 months, with a median target of $13.0.

Here are some recent targets:

Barton Crockett from Rosenblatt set a target price of $21.0 on 04/23/2026
Zach Cummins from B. Riley Securities set a target price of $10.5 on 02/27/2026
Shweta Khajuria from Evercore ISI Group set a target price of $13.0 on 11/11/2025