Aaron Saltz Sells 40,000 Shares of Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. (NASDAQ:MGNI) insider Aaron Saltz sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $23.41, for a total value of $936,400.00. Following the completion of the sale, the insider directly owned 224,389 shares in the company, valued at approximately $5,252,946.49. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Magnite Stock Up 0.9%

MGNI stock opened at $23.77 on Friday. The business has a 50 day moving average of $22.03 and a 200 day moving average of $16.83. The firm has a market cap of $3.41 billion, a PE ratio of 21.81, a price-to-earnings-growth 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. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Magnite (NASDAQ:MGNI) last released its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Magnite had a return on equity of 9.33% and a net margin of 22.49%.The business had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Magnite, Inc. will post 0.61 EPS for the current fiscal year.

More Magnite News

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

Analyst Ratings Changes

MGNI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magnite in a report on Friday, August 7th. Benchmark boosted their price objective on shares of Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Magnite in a research report on Thursday, August 6th. B. Riley Financial lifted their target price on Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company boosted their price target on Magnite from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.80.

Institutional Investors Weigh In On Magnite

A number of large investors have recently added to or reduced their stakes in MGNI. BlackRock Inc. bought a new stake in shares of Magnite in the second quarter worth $241,296,000. Capital Research Global Investors boosted its position in Magnite by 85.0% in the fourth quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock worth $209,696,000 after purchasing an additional 5,937,428 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Magnite by 67.7% during the 4th quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock valued at $140,053,000 after purchasing an additional 3,484,689 shares during the period. California State Teachers Retirement System increased its position in shares of Magnite by 1,749.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,265,452 shares of the company’s stock valued at $61,978,000 after purchasing an additional 3,088,924 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Magnite in the 2nd quarter worth approximately $56,847,000. Institutional investors own 73.40% of the company’s stock.

Magnite Company Profile

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.