50,000 Shares in Magnite, Inc. $MGNI Purchased by Nano Cap New Millennium Growth Fund L P

Posted by George Bondi on May 22nd, 2026

Nano Cap New Millennium Growth Fund L P purchased a new position in Magnite, Inc. (NASDAQ:MGNI – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Magnite by 28.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,209,413 shares of the company’s stock worth $26,341,000 after purchasing an additional 271,325 shares in the last quarter. Kopion Asset Management LLC increased its stake in Magnite by 149.2% in the 4th quarter. Kopion Asset Management LLC now owns 614,459 shares of the company’s stock worth $9,973,000 after purchasing an additional 367,858 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Magnite by 39.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 1,213,613 shares of the company’s stock worth $26,432,000 after purchasing an additional 344,466 shares in the last quarter. Picton Mahoney Asset Management increased its stake in Magnite by 203.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 387,332 shares of the company’s stock worth $8,436,000 after purchasing an additional 259,482 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in Magnite by 17.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,128,578 shares of the company’s stock worth $18,317,000 after purchasing an additional 164,035 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Insider Activity

In other news, Director Robert F. Spillane sold 10,000 shares of Magnite stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.33, for a total transaction of $133,300.00. Following the completion of the sale, the director directly owned 43,917 shares in the company, valued at $585,413.61. The trade was a 18.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by corporate insiders.

Magnite Stock Up 1.0%

Shares of Magnite stock opened at $13.19 on Friday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.62 and a beta of 2.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. Magnite, Inc. has a 52-week low of $10.82 and a 52-week high of $26.65. The stock has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $13.88.

Magnite (NASDAQ:MGNI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business 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 firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. On average, equities research analysts expect that Magnite, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MGNI has been the topic of a number of analyst reports. Weiss Ratings raised Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Magnite in a research note on Thursday, April 16th. Royal Bank Of Canada lowered their target price on Magnite from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and set a $21.00 target price on shares of Magnite in a research note on Thursday, May 7th. Finally, Wells Fargo & Company lifted their target price on Magnite from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.38.

View Our Latest Stock Report on MGNI

Magnite Profile

(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).