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

Magnite, Inc. (NASDAQ:MGNI) insider Sean Buckley sold 10,991 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $27.00, for a total value of $296,757.00. Following the completion of the sale, the insider owned 282,069 shares of the company’s stock, valued at $7,615,863. This represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Magnite Stock Down 0.5%

Shares of MGNI traded down $0.13 on Friday, hitting $27.39. The company’s stock had a trading volume of 3,658,860 shares, compared to its average volume of 2,520,394. Magnite, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $28.17. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $23.98 and its 200-day moving average price is $17.79. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 0.75 and a beta of 2.44.

Magnite (NASDAQ:MGNI) last released its earnings results on Wednesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $204.20 million during the quarter, compared to the consensus estimate of $190.19 million. Magnite had a net margin of 23.58% and a return on equity of 11.04%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. On average, equities research analysts expect that Magnite, Inc. will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Magnite

A number of institutional investors have recently bought and sold shares of MGNI. Nykredit A S bought a new stake in shares of Magnite in the 2nd quarter worth approximately $25,000. Covestor Ltd boosted its stake in shares of Magnite by 562.1% during the 3rd quarter. Covestor Ltd now owns 1,066 shares of the company’s stock worth $26,000 after acquiring an additional 905 shares in the last quarter. EFG International AG purchased a new position in shares of Magnite in the second quarter worth approximately $28,000. Allworth Financial LP purchased a new stake in shares of Magnite in the second quarter valued at $30,000. Finally, Signaturefd LLC increased its holdings in shares of Magnite by 35.8% in the 3rd quarter. Signaturefd LLC now owns 1,715 shares of the company’s stock valued at $43,000 after purchasing an additional 452 shares during the period. 73.40% of the stock is owned by hedge funds and other institutional investors.

More Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Q3 results beat expectations. Revenue was $204.2 million, while adjusted EPS was $0.33, ahead of consensus. Contribution ex-TAC—a key measure of the company’s underlying advertising business—rose 20% year over year to $200.6 million. Magnite Q3 results
• Positive Sentiment: CTV was a standout growth engine. CTV contribution ex-TAC climbed 39% to $105.4 million, beating the company’s guidance range. DV+ contribution also exceeded guidance, growing 5%. Coverage cited CTV strength and a political-advertising surge as factors behind the quarter. Three takeaways for long-term investors
• Positive Sentiment: Management raised its outlook. Magnite lifted its 2026 contribution ex-TAC growth forecast to about 17% and expects adjusted EBITDA growth of about 30%, a margin of about 38.5% and free-cash-flow growth above 60%. For 2027, it forecast more than 15% top-line growth excluding political advertising and an adjusted EBITDA margin of at least 38.5%. Magnite raises outlook
• Positive Sentiment: RBC raised its price target to $30 from $27 and maintained an Outperform rating, signaling continued analyst confidence. RBC price-target update
• Neutral Sentiment: Wells Fargo also raised its target, from $22 to $23, but kept an Equal Weight rating; its target remains below the recently cited share price, suggesting a more cautious view of valuation. Wells Fargo recommendations

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BTIG Research reiterated a “buy” rating and set a $27.00 price target on shares of Magnite in a research report on Wednesday, September 9th. Benchmark lifted their price objective on Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Magnite from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Scotiabank increased their price target on shares of Magnite from $27.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Finally, Craig Hallum reissued a “buy” rating and issued a $32.00 target price on shares of Magnite in a research note on Thursday, September 17th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.