Magnite (NASDAQ:MGNI) CTO Sells $155,488.50 in Stock

Magnite, Inc. (NASDAQ:MGNI) CTO David Buonasera sold 5,706 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $27.25, for a total value of $155,488.50. Following the transaction, the chief technology officer owned 239,449 shares of the company’s stock, valued at $6,524,985.25. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed 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.

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

• On Monday, September 14th, David Buonasera sold 1,165 shares of Magnite stock. The stock was sold at an average price of $24.00, for a total value of $27,960.00.
• On Wednesday, September 2nd, David Buonasera sold 1,043 shares of Magnite stock. The stock was sold at an average price of $25.00, for a total value 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 value of $125,788.82.

Magnite Stock Performance

MGNI stock opened at $27.39 on Monday. Magnite, Inc. has a 1 year low of $10.82 and a 1 year high of $28.17. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.93 and a beta of 2.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s fifty day moving average is $24.06 and its two-hundred day moving average is $17.85.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on MGNI shares. Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Magnite in a research report on Friday, October 2nd. Benchmark lifted their price target on Magnite from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Magnite from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna increased their price objective on Magnite from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Thursday. Finally, Craig Hallum reissued a “buy” rating and issued a $32.00 price objective on shares of Magnite in a report on Thursday, September 17th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.45.

Institutional Investors Weigh In On Magnite

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Magnite during the second quarter worth $241,296,000. Canada Pension Plan Investment Board purchased a new stake in shares of Magnite during the second quarter valued at $56,847,000. Bank of America Corp DE purchased a new stake in shares of Magnite during the second quarter valued at $22,431,000. Bank of New York Mellon Corp acquired a new position in shares of Magnite in the 2nd quarter valued at $22,059,000. Finally, Meros Investment Management LP acquired a new position in shares of Magnite in the 2nd quarter valued at $18,815,538. 73.40% of the stock is owned by institutional investors.

Magnite News Roundup

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

About Magnite

Magnite, Inc operates a sell-side advertising platform that helps publishers, streaming services and app developers sell digital advertising inventory through programmatic auctions. Its technology connects those sellers with advertisers and their agencies seeking to buy ad placements.

The company supports advertising across connected TV, online video, mobile applications and desktop formats. Its offerings include tools for managing and monetizing ad inventory, including streaming-focused ad-serving technology.

Magnite was formed in 2020 through the merger of The Rubicon Project and Telaria, and later expanded its streaming business with the acquisition of SpotX.