Sean Patrick Buckley Sells 67,179 Shares of Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. (NASDAQ:MGNI) insider Sean Patrick Buckley sold 67,179 shares of Magnite stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $24.49, for a total value of $1,645,213.71. Following the completion of the sale, the insider owned 315,805 shares of the company’s stock, valued at $7,734,064.45. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Patrick Buckley also recently made the following trade(s):

• On Tuesday, July 7th, Sean Patrick Buckley sold 19,233 shares of Magnite stock. The shares were sold at an average price of $21.03, for a total transaction of $404,469.99.
• On Wednesday, June 17th, Sean Patrick Buckley sold 19,233 shares of Magnite stock. The shares were sold at an average price of $19.00, for a total transaction of $365,427.00.

Magnite Stock Performance

Shares of NASDAQ MGNI traded up $0.40 during trading on Friday, reaching $24.72. 4,030,807 shares of the company traded hands, compared to its average volume of 2,586,771. The firm has a 50 day simple moving average of $18.69 and a 200-day simple moving average of $14.94. Magnite, Inc. has a 52-week low of $10.82 and a 52-week high of $26.65. The stock has a market capitalization of $3.54 billion, a PE ratio of 22.68, a P/E/G ratio of 1.05 and a beta of 2.26. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.38.

Magnite (NASDAQ:MGNI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $192.82 million during the quarter, compared to analysts’ expectations of $179.15 million. Magnite had a net margin of 22.49% and a return on equity of 9.47%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. Equities research analysts anticipate that Magnite, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

MGNI has been the topic of several research analyst reports. Evercore reissued an “outperform” rating and set a $25.00 price target on shares of Magnite in a report on Thursday. Weiss Ratings raised Magnite from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Magnite in a research report on Thursday, April 16th. Scotiabank reissued an “outperform” rating and issued a $27.00 target price on shares of Magnite in a report on Thursday. Finally, Royal Bank Of Canada raised their target price on Magnite from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.30.

More Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Better-than-expected Q2 results: Magnite reported adjusted earnings of $0.26 per share, exceeding the $0.24 consensus estimate, while revenue rose 11.3% year over year to $192.82 million, well above the $179.15 million forecast. Magnite earnings report
• Positive Sentiment: Higher outlook: The company raised its full-year 2026 forecast to 13%-14% contribution ex-TAC growth and at least a 37% adjusted EBITDA margin. Magnite also guided third-quarter revenue to $188 million-$192 million, above the $185.2 million analyst consensus. Magnite raises 2026 outlook
• Positive Sentiment: Analyst optimism and CTV focus: Following the earnings beat, Rosenblatt raised its price target to $40 and maintained a buy rating, while Susquehanna lifted its target to $30 with a positive rating and B. Riley raised its target to $27 with a buy rating. Coverage also highlighted connected TV growth as an important catalyst. Magnite analyst forecast increases
• Neutral Sentiment: Ad-tech peer read-through: Magnite held firm while Trade Desk fell sharply after its earnings report, suggesting investors are distinguishing between stronger and weaker companies in the digital advertising sector. Ad-tech stock comparison
• Negative Sentiment: Valuation caution: Wells Fargo raised its price target modestly to $22 but retained an equal-weight rating. The target remains below Magnite’s current trading level, signaling limited near-term upside in that analyst’s view. Wells Fargo Magnite price target

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MGNI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Magnite by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company’s stock worth $854,000 after acquiring an additional 3,267 shares during the last quarter. Millennium Management LLC increased its stake in shares of Magnite by 113.7% in the 1st quarter. Millennium Management LLC now owns 434,479 shares of the company’s stock worth $4,957,000 after purchasing an additional 231,213 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Magnite by 24.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,276 shares of the company’s stock worth $83,000 after purchasing an additional 1,423 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Magnite by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 404,717 shares of the company’s stock worth $4,618,000 after purchasing an additional 36,097 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Magnite by 103.6% in the 1st quarter. Intech Investment Management LLC now owns 109,992 shares of the company’s stock worth $1,255,000 after purchasing an additional 55,971 shares during the period. 73.40% of the stock is currently owned by institutional investors.

About Magnite

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).