We recently published a list of 10 Stocks Insiders Sold in April After Trump’s Tariff Rollout. In this article, we are going to take a look at where PubMatic, Inc. (NASDAQ:PUBM) stands against other stocks that insiders sold in April after Trump’s tariff rollout.
Last week, President Donald Trump signed an executive order imposing a minimum 10% tariff on all U.S. imports, with certain exceptions. A 104% tariff on Chinese imports took effect, and Beijing said Wednesday it would raise levies on U.S. imports to 84% from 34%.
Treasury Secretary Scott Bessent told bankers that the economy is “in pretty good shape” while somewhat earlier JPMorgan chief Jamie Dimon expressed a more pessimistic view, warning that a recession could be on the horizon, according to the Wall Street Journal.
The Bank of England warned that US tariff announcements contribute to a “material increase in risks to global growth” and inflation levels, reports The Guardian.
Then, in an unexpected turn of events, the President announced Wednesday a complete three-month pause on all the “reciprocal” tariffs that went into effect with the exception of China.
Some insiders used this time in April to buy the dip while others thought it was time to sell some of their holdings. At times like these, it is worth analyzing insider trading activity. When executives buy stock, it can suggest confidence in the company’s future. On the other hand, insider sales don’t have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company’s financial health and broader market conditions.
Our Methodology
Today, we’re focusing on stocks that insiders have been heavily selling in April. Using Insider Monkey’s insider trading screener, we identified companies where at least five insiders sold shares from April 2 to April 8. From this list, we ranked the top 10 stocks with the highest value of insider sales.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

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PubMatic, Inc. (NASDAQ:PUBM)
PubMatic, Inc. (NASDAQ:PUBM) provides a cloud infrastructure platform for real-time programmatic advertising, connecting digital content creators, advertisers, and agencies worldwide. Its solutions include PubMatic SSP, OpenWrap, and Connect, offering tools for buying, selling, and managing digital advertising inventory. Founded in 2006 and based in Redwood City, California, the company supports various ad formats and devices. It is also one of the 10 best cloud computing stocks to buy under $10.
In December, PubMatic (NASDAQ:PUBM) announced an expansion of its collaboration with Western Union to include its commerce media business. The same month, the company also expanded its global partnership with GroupM Premium Marketplace.
In 2024, PubMatic (NASDAQ:PUBM)’s revenue reached $291.3 million, up by 9% from $267.0 million in 2023. Gross profit amounted to $190.2 million, or a 65% margin, an improvement of 250 basis points from 2023. GAAP net income was $12.5 million or $0.23 per diluted share, versus net income of $8.9 million or $0.16 per share in 2023. Adjusted EBITDA was $92.3 million, or 32% margin, an increase over adjusted EBITDA of $75.3 million, or 28% margin, in the prior year.
Following the Trump’s tariff rollout, five insiders, including the company’s CFO, sold approximately $851,012 worth of PubMatic shares at an average price of $9.02 per share. Since the beginning of the year, PubMatic shares have declined 41.73% to $8.56 per share. Over the past 12 months, the stock lost 63.68%.
TipRanks reports that out of eight Wall Street analysts, five rate PubMatic (NASDAQ:PUBM) stock as a “Buy” and three as “Hold.” The average price target of $17.29 suggests a 101.28% increase from the latest price.
Overall, PUBM ranks 6th on our list of stocks that insiders sold in April after Trump’s tariff rollout. While we acknowledge the potential of PUBM, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PUBM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.