Magnite (NASDAQ:MGNI) Stock: Insider Sean Patrick Buckley Sells 10,991 Shares

Magnite, Inc. (NASDAQ:MGNI) insider Sean Buckley sold 10,991 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $27.00, for a total transaction of $296,757.00. Following the transaction, the insider owned 282,069 shares of the company’s stock, valued at $7,615,863. This trade represents a 3.75% decrease in their ownership of the stock. The transaction 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 Trading Down 0.5%

Shares of MGNI stock opened at $27.39 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.03 and a current ratio of 1.04. Magnite, Inc. has a 52-week low of $10.82 and a 52-week high of $28.17. The company has a market capitalization of $3.93 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.90 and a beta of 2.44. The business’s fifty day moving average is $24.06 and its 200 day moving average is $17.85.

Magnite (NASDAQ:MGNI) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Magnite had a return on equity of 10.94% and a net margin of 23.58%. The company had revenue of $204.20 million during the quarter, compared to analyst estimates of $190.19 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. On average, equities research analysts anticipate that Magnite, Inc. will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Magnite

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Magnite by 35.8% in the 3rd quarter. Signaturefd LLC now owns 1,715 shares of the company’s stock worth $43,000 after acquiring an additional 452 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Magnite by 63.7% during the 2nd quarter. Allworth Financial LP now owns 1,567 shares of the company’s stock worth $30,000 after acquiring an additional 610 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Magnite by 32.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,916 shares of the company’s stock valued at $74,000 after acquiring an additional 708 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Magnite by 1.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 68,742 shares of the company’s stock valued at $1,736,000 after acquiring an additional 825 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Magnite by 59.3% in the third quarter. Fifth Third Bancorp now owns 2,380 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Key Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Magnite beat Q3 estimates, reporting $0.33 in adjusted earnings per share and $204.2 million in revenue. Contribution ex-TAC increased 20% year over year to $201 million, led by CTV contribution ex-TAC growth of 39% to $105 million. Magnite: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The company raised its 2026 contribution ex-TAC growth outlook to about 17% and said it expects 2027 adjusted EBITDA margin of at least 38.5%, signaling confidence in growth and operating leverage. Magnite raises 2026 outlook and signals 2027 margins
• Positive Sentiment: RBC raised its price target to $30 from $27 and maintained an Outperform rating, reflecting continued analyst optimism. RBC raises Magnite price target
• Neutral Sentiment: CTO David Buonasera and insider Sean Buckley sold 5,706 and 10,991 shares, respectively. Both transactions were made under pre-arranged Rule 10b5-1 plans, and each retained a substantial stake. Buonasera SEC filing Buckley SEC filing
• Negative Sentiment: Wells Fargo raised its target to $23 from $22 but kept an Equal Weight rating; the target remains below the stock’s recent trading level, suggesting a more cautious view than RBC’s. Wells Fargo analyst recommendations

Analyst Ratings Changes

MGNI has been the subject of a number of research analyst reports. Craig Hallum reiterated a “buy” rating and set a $32.00 price target on shares of Magnite in a research report on Thursday, September 17th. Scotiabank upped their price objective on shares of Magnite from $27.00 to $30.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Royal Bank Of Canada raised their target price on shares of Magnite from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of Magnite from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, BTIG Research reiterated a “buy” rating and set a $27.00 target price on shares of Magnite in a research report on Wednesday, September 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Magnite has an average rating of “Moderate Buy” and a consensus target price of $30.45.

About Magnite

Magnite, Inc operates an independent omnichannel sell-side advertising platform that helps publishers and digital media owners monetize their content while enabling advertisers to reach audiences across multiple channels. Its platform supports the buying and selling of digital advertising inventory through automated auctions and direct transactions.

The company’s solutions serve connected television and streaming video, online display and mobile advertising, audio, and digital out-of-home media.