Katie Seitz Evans Sells 32,285 Shares of Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. (NASDAQ:MGNI) insider Katie Evans sold 32,285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $23.63, for a total value of $762,894.55. Following the completion of the sale, the insider directly owned 466,897 shares of the company’s stock, valued at approximately $11,032,776.11. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 transaction 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 transaction of $480,000.00.

Magnite Trading Up 0.9%

MGNI opened at $23.77 on Friday. The firm’s fifty day moving average is $22.03 and its two-hundred day moving average is $16.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.02. The firm has a market cap of $3.41 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.03 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 quarterly earnings results 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 net margin of 22.49% and a return on equity of 9.33%. The company had revenue of $192.82 million for the quarter, compared to analysts’ expectations of $179.15 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Magnite, Inc. will post 0.61 EPS for the current year.

Magnite News Summary

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MGNI. Smartleaf Asset Management LLC grew its holdings in shares of Magnite by 20.5% during the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock worth $82,000 after buying an additional 577 shares in the last quarter. Allworth Financial LP boosted its position in 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 during the last quarter. US Bancorp DE grew its stake in shares of Magnite by 75.8% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after acquiring an additional 688 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 worth $53,000 after acquiring an additional 755 shares in the last quarter. Finally, AYAL Capital Advisors Ltd raised its holdings in shares of Magnite by 0.5% in the fourth quarter. AYAL Capital Advisors Ltd now owns 200,000 shares of the company’s stock valued at $3,246,000 after purchasing an additional 1,000 shares during the last quarter. 73.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MGNI. Wells Fargo & Company boosted their target price on Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Scotiabank reaffirmed an “outperform” rating and set a $27.00 price target on shares of Magnite in a research report on Thursday, August 6th. Susquehanna lifted their price objective on Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $27.00 target price on shares of Magnite in a research note on Wednesday. Finally, B. Riley Financial raised their target price on shares of Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.