Douglas Knopper Sells 10,766 Shares of Magnite (NASDAQ:MGNI) Stock

Posted by Francis Steltz on Jun 10th, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report) Director Douglas Knopper sold 10,766 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $15.73, for a total value of $169,349.18. Following the sale, the director directly owned 163,147 shares of the company’s stock, valued at approximately $2,566,302.31. This trade represents a 6.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Magnite Trading Down 0.9%

Shares of NASDAQ:MGNI traded down $0.14 during trading on Wednesday, reaching $15.67. 2,741,889 shares of the company traded hands, compared to its average volume of 2,324,133. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 0.75 and a beta of 2.32. Magnite, Inc. has a 52-week low of $10.82 and a 52-week high of $26.65. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $13.32 and its 200-day moving average is $13.85.

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

Analyst Ratings Changes

MGNI has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Magnite in a research note on Thursday, April 16th. Scotiabank raised their price target on Magnite from $16.00 to $17.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Magnite in a research note on Thursday, May 28th. BTIG Research began coverage on shares of Magnite in a report on Tuesday. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Evercore reiterated an “outperform” rating and issued a $21.00 price target on shares of Magnite in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.89.

Read Our Latest Analysis on Magnite

Institutional Trading of Magnite

Several large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its holdings in Magnite by 20.5% in the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock valued at $82,000 after acquiring an additional 577 shares in the last quarter. US Bancorp DE boosted its holdings in Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after acquiring an additional 688 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Magnite by 45.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock valued at $53,000 after acquiring an additional 755 shares in the last quarter. AYAL Capital Advisors Ltd boosted its holdings in Magnite by 0.5% in the fourth quarter. AYAL Capital Advisors Ltd now owns 200,000 shares of the company’s stock valued at $3,246,000 after acquiring an additional 1,000 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Magnite by 2.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 44,552 shares of the company’s stock valued at $992,000 after acquiring an additional 1,047 shares in the last quarter. Institutional investors own 73.40% of the company’s stock.

Magnite Company Profile

(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).