Magnite (NASDAQ:MGNI) Insider Sean Patrick Buckley Sells 67,179 Shares

Magnite, Inc. (NASDAQ:MGNI) insider Sean Patrick Buckley sold 67,179 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $24.49, for a total transaction of $1,645,213.71. Following the transaction, the insider directly owned 315,805 shares of the company’s stock, valued at $7,734,064.45. This represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Patrick Buckley also recently made the following trade(s):

• On Tuesday, July 7th, Sean Patrick Buckley sold 19,233 shares of Magnite stock. The shares were sold at an average price of $21.03, for a total transaction of $404,469.99.
• On Wednesday, June 17th, Sean Patrick Buckley sold 19,233 shares of Magnite stock. The shares were sold at an average price of $19.00, for a total transaction of $365,427.00.

Magnite Price Performance

Shares of MGNI opened at $24.72 on Friday. The business’s 50-day moving average is $18.69 and its two-hundred day moving average is $14.94. The company has a market capitalization of $3.54 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.24 and a beta of 2.26. Magnite, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $26.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Magnite (NASDAQ:MGNI) last issued its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm 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%.The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Research analysts predict that Magnite, Inc. will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Magnite

A number of hedge funds have recently bought and sold shares of the business. Citizens Financial Group Inc. RI acquired a new stake in Magnite in the second quarter valued at approximately $1,564,000. Buckland Partners Management Co LLC acquired a new position in shares of Magnite during the 2nd quarter worth approximately $597,000. BlackRock Inc. acquired a new position in shares of Magnite during the 2nd quarter worth approximately $241,296,000. Deutsche Bank AG purchased a new position in shares of Magnite during the 2nd quarter valued at approximately $3,132,000. Finally, Rice Hall James & Associates LLC purchased a new position in shares of Magnite during the 2nd quarter valued at approximately $5,389,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MGNI shares. Weiss Ratings raised shares of Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Royal Bank Of Canada boosted their target price on shares of Magnite from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday. B. Riley Financial increased their price target on shares of Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank restated an “outperform” rating and set a $27.00 price target on shares of Magnite in a research report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Magnite currently has an average rating of “Moderate Buy” and a consensus target price of $28.30.

Key Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Better-than-expected Q2 results: Magnite reported adjusted earnings of $0.26 per share, exceeding the $0.24 consensus estimate, while revenue rose 11.3% year over year to $192.82 million, well above the $179.15 million forecast. Magnite earnings report
• Positive Sentiment: Higher outlook: The company raised its full-year 2026 forecast to 13%-14% contribution ex-TAC growth and at least a 37% adjusted EBITDA margin. Magnite also guided third-quarter revenue to $188 million-$192 million, above the $185.2 million analyst consensus. Magnite raises 2026 outlook
• Positive Sentiment: Analyst optimism and CTV focus: Following the earnings beat, Rosenblatt raised its price target to $40 and maintained a buy rating, while Susquehanna lifted its target to $30 with a positive rating and B. Riley raised its target to $27 with a buy rating. Coverage also highlighted connected TV growth as an important catalyst. Magnite analyst forecast increases
• Neutral Sentiment: Ad-tech peer read-through: Magnite held firm while Trade Desk fell sharply after its earnings report, suggesting investors are distinguishing between stronger and weaker companies in the digital advertising sector. Ad-tech stock comparison
• Negative Sentiment: Valuation caution: Wells Fargo raised its price target modestly to $22 but retained an equal-weight rating. The target remains below Magnite’s current trading level, signaling limited near-term upside in that analyst’s view. Wells Fargo Magnite price target

About Magnite

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).