Magnite (NASDAQ:MGNI) Insider Sells $762,894.55 in Stock

Magnite, Inc. (NASDAQ:MGNI) insider Katie Evans sold 32,285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $23.63, for a total value of $762,894.55. Following the transaction, the insider owned 466,897 shares in the company, valued at $11,032,776.11. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Seitz Evans also recently made the following trade(s):

• On Friday, September 11th, Katie Evans sold 13,997 shares of Magnite stock. The stock was sold at an average price of $24.00, for a total value of $335,928.00.
• On Wednesday, September 9th, Katie Evans sold 11,100 shares of Magnite stock. The shares were sold at an average price of $23.46, for a total value of $260,406.00.
• On Thursday, August 6th, Katie Evans sold 20,000 shares of Magnite stock. The shares were sold at an average price of $24.00, for a total value of $480,000.00.

Magnite Price Performance

Shares of MGNI stock opened at $23.77 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $22.03 and its 200 day moving average is $16.83. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.04 and a beta of 2.30. Magnite, Inc. has a twelve month low of $10.82 and a twelve month high of $26.19.

Magnite (NASDAQ:MGNI) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The business had revenue of $192.82 million during the quarter, compared to the consensus estimate of $179.15 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts expect that Magnite, Inc. will post 0.61 EPS for the current fiscal year.

Key Headlines Impacting Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Magnite and ITN expanded their partnership to introduce an agentic-AI solution through Magnite Orchestration for local linear television advertising. The platform is designed to reduce local TV campaign-buying timelines from weeks to hours, potentially increasing advertiser adoption, transaction volumes and Magnite’s role in programmatic TV. Magnite and ITN Expand Partnership to Introduce Agentic AI Solution for Local Linear TV
• Positive Sentiment: The ITN announcement strengthens Magnite’s connected-TV and local-TV growth narrative by adding automation and artificial intelligence to its advertising infrastructure. Investors may view the initiative as a potential long-term catalyst, although the company has not disclosed an immediate financial impact.
• Neutral Sentiment: Magnite’s latest reported quarter showed adjusted earnings of $0.26 per share versus the $0.24 consensus estimate and revenue of $192.82 million versus expectations of $179.15 million. Revenue grew 11.3% year over year, providing fundamental support for the stock, though these results were released before the current news window.
• Neutral Sentiment: Recent analyst commentary remains generally favorable, with BTIG maintaining a Buy rating and a $27 price target and Needham assigning a $30 target. The consensus target of $28.80 suggests analysts see additional upside, but these views are not new earnings guidance.
• Negative Sentiment: Magnite insiders sold a combined 102,382 shares for approximately $2.41 million across September 8–11. The sales included 40,000 shares from Aaron Saltz, 5,000 from director Paul Caine and multiple transactions totaling 57,382 shares from Katie Evans. Each transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing the strength of the bearish signal, but the volume of selling could weigh on investor confidence. SEC insider transaction filing

Hedge Funds Weigh In On Magnite

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in shares of Magnite by 20.5% in the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock worth $82,000 after purchasing an additional 577 shares during the period. Allworth Financial LP increased its stake in shares of Magnite by 63.7% in the second quarter. Allworth Financial LP now owns 1,567 shares of the company’s stock worth $30,000 after purchasing an additional 610 shares in the last quarter. US Bancorp DE raised its position in shares of Magnite by 75.8% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after purchasing an additional 688 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Magnite by 45.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock valued at $53,000 after purchasing an additional 755 shares during the period. Finally, AYAL Capital Advisors Ltd lifted its stake in shares of Magnite by 0.5% during the 4th quarter. AYAL Capital Advisors Ltd now owns 200,000 shares of the company’s stock valued at $3,246,000 after buying an additional 1,000 shares in the last quarter. 73.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Rosenblatt Securities lifted their price objective on Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial increased their target price on Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Susquehanna raised their price target on Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Magnite in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Magnite in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.80.

About Magnite

Magnite, Inc is an independent sell-side advertising technology company that operates a global platform for digital media owners and app developers. Its technology helps publishers and media companies manage, package, sell and optimize advertising inventory across connected television (CTV), online video, mobile, desktop, audio and digital out-of-home channels.

Magnite’s platform connects publishers with agencies, brands and demand-side platforms, supporting automated, data-driven programmatic advertising transactions.