Pubmatic, Inc. announced a director or officer change
SEC 8-KRead source ↗
Pubmatic, Inc. is a US-listed company in the advertising industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$6.7
Valuation models combined (2)
Base case. Range ~$6.2–$6.9. Weighted average of 2 models (forward price-to-earnings vs peers, forward price-to-sales vs peers).
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Pubmatic, Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders0 buying, 7 selling0 purchases and 83 sales by directors and officers, last 12 monthsInsider trades
- Funds77 adding, 63 cuttingOf 31 active managers that changed their stake, 17 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 1300% in the quarter to 2026-06-30, the 4th beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
- Estimates rising. Analysts' consensus for next year's earnings per share has risen 66.6% over 90 days.
Things to watch
- Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
- Volatile shares. Over the past year the shares showed annualised volatility of 72% and a beta of 1.3 against the S&P 500.
- Insiders selling. 7 insiders sold $22M of stock over the past 365 days and none bought (86% under pre-set trading plans).
- Short interest rising. Shares sold short rose 26% in a month to 8.4% of tradable shares.
Latest results
- Earnings per share
- $0.12 against an average estimate of -$0.01: beat by 1300.0%
- Share reaction
- +31.6% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
- Next report
- November 9, 2026; average EPS estimate $0.14
Price chart
- 1 day-2.0%
- 1 week-6.1%
- 1 month-15.5%
- This year+75.5%
- 1 year+86.2%
- 5 years-47.5%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 6, 2026
- Next results (est.)
- November 5, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Leadership
- Results
Pubmatic, Inc. reported results; announced a director or officer change
SEC 8-KRead source ↗
Valuation models
We value Pubmatic, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.18 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no revenue, margin or share count to start from |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$6.9 ~$6.2–$9.3 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$6.2 ~$5.7–$16 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$6.7 ~$6.2–$6.9 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Pubmatic, Inc. with Advertising in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Forecasts and guidance
Next results: November 9, 2026, after the close. Analysts expect revenue of $76m and EPS of $0.14 (range $0.10 to $0.17) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.52 | +59% | $309m | +9% |
| Next | $0.81 | +55% | $334m | +8% |
Next year's EPS estimate has moved +66.6% in 90 days, across 6 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +83.6% on 90 days ago. In the last 30 days, 5 analysts raised Pubmatic, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.28 | $0.49 |
| 60 days ago | $0.28 | $0.49 |
| 30 days ago | $0.52 | $0.81 |
| 7 days ago | $0.52 | $0.81 |
| Now | $0.52 | $0.81 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$0.01 | $0.12 | +1300.0% |
| Mar 2026 | −$0.17 | −$0.11 | +35.3% |
| Dec 2025 | $0.15 | $0.29 | +89.1% |
| Sept 2025 | −$0.01 | $0.03 | +357.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 8.4% of tradable shares
- Days to cover
- 4.04 at average volume
- Short interest, 1 month
- +26% to October 15, 2026
- Held by institutions
- 83% of shares
- Held by insiders
- 1.0% of shares
- Employees
- 1,030 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| PUBM | +22% | −62% | +27% | −10% | −40% | +76% |
| Industry peers (median) | +18% | −54% | +10% | −16% | −37% | −19% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| PUBM | 50% | 33% | 42% | 33% | 50% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| PUBM | −68% | −64% | −44% | −43% | −57% | −29% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since December 9, 2020: 91% from March 1, 2021 to February 5, 2026. Getting back needed a 1013% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $6.28 – $19.18
- From 52-week high
- −18.8%
- vs 50-day average
- −10.3%
- vs 200-day average
- +28.2%
- Volatility (1 year)
- 72%
- Beta vs S&P 500
- 1.33
Share price after results
- Next day
- 6 up, 6 down typical move ±19.0%
- After a week
- 6 up, 6 down typical move ±19.1%
- After a month
- 8 up, 4 down typical move ±21.0%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | +31.6% | +0.5% | +27.9% | +22.1% |
| May 7, 2026 | +5.9% | +0.5% | −6.1% | +10.8% |
| April 22, 2026 | −3.3% | +0.6% | +2.6% | +7.8% |
| February 26, 2026 | +23.1% | −1.0% | +34.8% | +24.5% |
| November 10, 2025 | +48.2% | +1.8% | +24.2% | +24.0% |
| August 11, 2025 | −23.7% | +0.9% | −22.6% | −26.0% |
| May 8, 2025 | +10.5% | +0.6% | +15.0% | +20.6% |
| February 27, 2025 | −26.1% | −0.1% | −30.5% | −35.5% |
| November 12, 2024 | −0.7% | −0.3% | −5.4% | +1.0% |
| August 8, 2024 | −25.8% | +2.8% | −27.0% | −26.1% |
| May 7, 2024 | −4.0% | +0.1% | −3.0% | −9.3% |
| February 26, 2024 | +25.2% | −0.2% | +30.3% | +44.3% |
Fundamentals
Where the revenue comes from
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $158M | 55.9% | ▼ 10.3% |
| EMEA | $90.5M | 32.0% | ▲ 8.6% |
| Asia Pacific | $28.4M | 10.1% | ▲ 13.7% |
| Rest of The World | $5.9M | 2.1% | ▼ 11.9% |
From Pubmatic, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $397M
- Institutions reporting
- 152
- Shares held vs prior quarter
- ▲ 5.6%
- Positions opened / closed
- 20 / 17
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Graham Holdings Co | $44.6M | 3.4M | 11.2% | 0.0% |
| Blackrock, Inc. | $43M | 3.3M | 10.8% | ▲ 7.0% |
| Vanguard Capital Management LLC | $21.8M | 1.7M | 5.5% | ▲ 2.9% |
| Acadian Asset Management LLC | $20.6M | 1.6M | 5.2% | ▼ 0.2% |
| Dimensional Fund Advisors LP | $19.6M | 1.5M | 4.9% | ▲ 19.7% |
| Renaissance Technologies LLC | $18.6M | 1.4M | 4.7% | ▼ 7.8% |
| Whitefort Capital Management, LP | $14.6M | 1.1M | 3.7% | ▲ 61.0% |
| Geode Capital Management, LLC | $13M | 992K | 3.3% | ▲ 4.3% |
| Vanguard Portfolio Management LLC | $12.4M | 948K | 3.1% | ▲ 48.3% |
| Jacobs Levy Equity Management, Inc | $11.3M | 863K | 2.8% | ▼ 7.4% |
| State Street Corp | $11.2M | 854K | 2.8% | ▲ 7.9% |
| S Squared Technology, LLC | $9.8M | 748K | 2.5% | ▲ 10.6% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Pubmatic, Inc.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $22.5M 83 trades by 7 insiders · 86% under pre-set plans
Net ▼ $22.5M net selling
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Goel Rajeev K. CHIEF EXECUTIVE OFFICER | October 22, 2026 | Sell pre-set plan | 50,021 | $17.26 | $863,237 |
| Kumar Mukul PRESIDENT, ENGINEERING | October 16, 2026 | Sell pre-set plan | 2,600 | $17.78 | $46,240 |
| Kumar Mukul PRESIDENT, ENGINEERING | October 16, 2026 | Sell pre-set plan | 5,400 | $16.80 | $90,744 |
| Pantelick Steven CHIEF FINANCIAL OFFICER | October 5, 2026 | Sell pre-set plan | 22,173 | $18.66 | $413,815 |
| Goel Amar K. CHAIRMAN, CHIEF INNOVATION OFF | October 5, 2026 | Sell pre-set plan | 10,795 | $18.66 | $201,488 |
| Woods Andrew GENERAL COUNSEL & SECRETARY | October 5, 2026 | Sell pre-set plan | 10,079 | $18.65 | $187,997 |
| Goel Amar K. CHAIRMAN, CHIEF INNOVATION OFF | October 2, 2026 | Sell | 651 | $19.43 | $12,649 |
| Goel Amar K. CHAIRMAN, CHIEF INNOVATION OFF | October 2, 2026 | Sell | 6,651 | $18.93 | $125,896 |
| Kumar Mukul PRESIDENT, ENGINEERING | October 2, 2026 | Sell | 702 | $19.43 | $13,640 |
| Kumar Mukul PRESIDENT, ENGINEERING | October 2, 2026 | Sell | 7,176 | $18.93 | $135,834 |
| Pantelick Steven CHIEF FINANCIAL OFFICER | October 2, 2026 | Sell | 2,093 | $19.43 | $40,668 |
| Pantelick Steven CHIEF FINANCIAL OFFICER | October 2, 2026 | Sell | 21,398 | $18.93 | $405,041 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced
- August 6, 2026
- May 7, 2026
- April 22, 2026
- February 26, 2026
- November 10, 2025
- August 11, 2025
Recent SEC filings
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- DEF 14A Proxy statement
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Pubmatic, Inc. in brief
- What does Pubmatic, Inc. do?
- Pubmatic, Inc. is a US-listed company in the advertising industry. Its financial year ends in December.
- What is Pubmatic, Inc.'s stock ticker?
- Pubmatic, Inc. trades under the ticker PUBM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Pubmatic, Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Graham Holdings Co, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Pubmatic, Inc. stock?
- Over the last 12 months, Pubmatic, Inc.'s directors and officers reported 0 open-market purchases and 83 sales on Form 4. The insider trading page charts every trade.
- When is Pubmatic, Inc.'s next earnings date?
- Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Pubmatic, Inc. announces its own schedule.
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