Magnite (NASDAQ:MGNI) Insider Sells $260,406.00 in Stock

Magnite, Inc. (NASDAQ:MGNI) insider Katie Evans sold 11,100 shares of Magnite stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $23.46, for a total transaction of $260,406.00. Following the completion of the transaction, the insider directly owned 455,797 shares in the company, valued at approximately $10,692,997.62. The trade was a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $335,928.00.
• On Tuesday, September 8th, Katie Evans sold 32,285 shares of Magnite stock. The shares were sold at an average price of $23.63, for a total transaction of $762,894.55.
• On Thursday, August 6th, Katie Evans sold 20,000 shares of Magnite stock. The stock was sold at an average price of $24.00, for a total transaction of $480,000.00.

Magnite Stock Performance

Shares of MGNI stock opened at $23.77 on Friday. Magnite, Inc. has a 12-month low of $10.82 and a 12-month high of $26.19. The business’s fifty day simple moving average is $22.03 and its 200-day simple moving average is $16.83. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.41 billion, a PE ratio of 21.81, a PEG ratio of 1.04 and a beta of 2.30.

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

Hedge Funds Weigh In On Magnite

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nykredit A S purchased a new stake in shares of Magnite in the 2nd quarter valued at $25,000. EFG International AG purchased a new position in shares of Magnite during the second quarter worth $28,000. Allworth Financial LP purchased a new position in shares of Magnite during the second quarter worth $30,000. US Bancorp DE lifted its position in Magnite by 75.8% during the third 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. Finally, PNC Financial Services Group Inc. lifted its position in Magnite by 45.1% during the third 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. Institutional investors and hedge funds own 73.40% of the company’s stock.

Magnite News Roundup

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Magnite in a research note on Friday, August 7th. Rosenblatt Securities upped their price target on shares of Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Magnite from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Susquehanna boosted their price objective on shares of Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Finally, Benchmark upped their target price on Magnite from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.