Insider Selling: Magnite (NASDAQ:MGNI) CTO Sells $21,135.00 in Stock

Posted by Stanley Muller on Jun 6th, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report) CTO David Buonasera sold 1,409 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $15.00, for a total value of $21,135.00. Following the completion of the sale, the chief technology officer directly owned 292,784 shares of the company’s stock, valued at approximately $4,391,760. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Magnite Trading Down 1.2%

Shares of MGNI stock opened at $14.68 on Friday. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 0.70 and a beta of 2.32. The stock has a 50-day moving average of $13.10 and a 200-day moving average of $13.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. Magnite, Inc. has a 1-year low of $10.82 and a 1-year high of $26.65.

Magnite (NASDAQ:MGNI – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The company had revenue of $164.37 million for the quarter, compared to analyst estimates of $159.24 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Magnite, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on MGNI. Benchmark cut their target price on Magnite from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Evercore restated an “outperform” rating and set a $21.00 target price on shares of Magnite in a research report on Thursday, May 7th. Wells Fargo & Company upped their target price on Magnite from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Scotiabank upped their target price on Magnite from $16.00 to $17.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.38.

Get Our Latest Report on Magnite

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its stake in shares of Magnite by 2,746.4% in the first quarter. Optiver Holding B.V. now owns 5,579 shares of the company’s stock worth $66,000 after purchasing an additional 5,383 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Magnite by 72.6% in the first quarter. Bank of America Corp DE now owns 1,125,196 shares of the company’s stock worth $13,367,000 after purchasing an additional 473,243 shares during the last quarter. Amundi raised its stake in shares of Magnite by 74.8% in the first quarter. Amundi now owns 22,817 shares of the company’s stock worth $271,000 after purchasing an additional 9,764 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Magnite by 29.3% in the first quarter. California State Teachers Retirement System now owns 176,528 shares of the company’s stock worth $2,097,000 after purchasing an additional 40,004 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Magnite by 144.3% in the first quarter. Quantinno Capital Management LP now owns 128,133 shares of the company’s stock worth $1,522,000 after purchasing an additional 75,686 shares during the last quarter. Institutional investors own 73.40% of the company’s stock.

About Magnite

(Get Free Report)

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).