David Buonasera Sells 1,165 Shares of Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. (NASDAQ:MGNI) CTO David Buonasera sold 1,165 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $24.00, for a total transaction of $27,960.00. Following the completion of the transaction, the chief technology officer owned 245,155 shares in the company, valued at approximately $5,883,720. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Buonasera also recently made the following trade(s):

• On Wednesday, September 2nd, David Buonasera sold 1,043 shares of Magnite stock. The shares were sold at an average price of $25.00, for a total transaction of $26,075.00.
• On Tuesday, September 1st, David Buonasera sold 5,371 shares of Magnite stock. The shares were sold at an average price of $23.42, for a total transaction of $125,788.82.
• On Thursday, August 6th, David Buonasera sold 7,649 shares of Magnite stock. The stock was sold at an average price of $23.46, for a total transaction of $179,445.54.
• On Tuesday, July 7th, David Buonasera sold 1,224 shares of Magnite stock. The stock was sold at an average price of $21.00, for a total transaction of $25,704.00.
• On Wednesday, July 1st, David Buonasera sold 9,376 shares of Magnite stock. The stock was sold at an average price of $20.00, for a total transaction of $187,520.00.

Magnite Stock Performance

Magnite stock opened at $25.63 on Friday. 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 company has a market capitalization of $3.68 billion, a PE ratio of 23.51, a P/E/G ratio of 1.04 and a beta of 2.30. The company has a 50 day moving average price of $22.31 and a 200-day moving average price of $17.20. Magnite, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $26.84.

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

Institutional Trading of Magnite

A number of institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors lifted its holdings in shares of Magnite by 85.0% in the 4th quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock valued at $209,696,000 after buying an additional 5,937,428 shares during the period. BlackRock Inc. acquired a new stake in Magnite during the second quarter worth about $241,296,000. Dimensional Fund Advisors LP grew its holdings in Magnite by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,983,674 shares of the company’s stock worth $47,322,000 after acquiring an additional 367,854 shares during the period. Canada Pension Plan Investment Board purchased a new position in Magnite during the second quarter valued at approximately $56,847,000. Finally, 325 Capital LLC raised its position in Magnite by 208.5% during the fourth quarter. 325 Capital LLC now owns 2,005,387 shares of the company’s stock valued at $32,547,000 after acquiring an additional 1,355,326 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MGNI has been the topic of several recent research reports. Benchmark increased their target price on shares of Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Magnite in a report on Friday, August 7th. Evercore restated an “outperform” rating and set a $25.00 price objective on shares of Magnite in a research note on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $27.00 target price on shares of Magnite in a research report on Wednesday, September 9th. Finally, Craig Hallum reiterated a “buy” rating and set a $32.00 price objective on shares of Magnite in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Magnite has an average rating of “Moderate Buy” and an average price target of $29.09.

More Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Google antitrust remedies boost the ad-tech sector. An unsealed opinion in the U.S. Justice Department’s case against Alphabet’s Google could lead to changes in Google’s advertising auction, potentially creating a more competitive environment for supply-side platforms such as Magnite. Craig-Hallum raised its MGNI price target to $32, helping drive investor interest. Magnite Jumps 5% as Craig-Hallum Lifts Target to $32 on Google Auction Remedies
• Positive Sentiment: Magnite expanded its AI and omnichannel orchestration platform. Magnite Orchestration now offers broader omnichannel capabilities and third-party integrations, allowing AI-powered buying systems to discover, evaluate, activate and optimize premium advertising inventory. The initiative could strengthen Magnite’s strategic position as media buyers adopt agentic AI tools. Magnite Advances Agentic Vision
• Neutral Sentiment: Recent operating momentum provides support. Magnite’s latest reported quarter exceeded earnings and revenue expectations, with revenue growing 11.3% year over year. Analysts maintain a generally favorable view, with a reported average price target of $28.80, although the stock’s elevated valuation increases sensitivity to execution and future growth.
• Negative Sentiment: Insider selling presents a modest caution signal. Director Robert Spillane sold 10,363 shares, while CTO David Buonasera sold 1,165 shares. Buonasera’s transaction was conducted under a pre-arranged Rule 10b5-1 plan, and both executives retain substantial holdings, limiting the negative significance; however, the sales may encourage some profit-taking after the stock’s strong advance. Magnite Insider Selling
• Negative Sentiment: Valuation concerns remain. One analysis estimates Magnite could be approximately 27% overvalued as enthusiasm surrounding AI advertising grows, suggesting that expectations may already price in substantial benefits from the company’s AI strategy. Magnite Stock Could Be 27% Overvalued

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.