Magnite (NASDAQ:MGNI) CEO Michael Barrett Sells 100,000 Shares

Posted by Brian Himes on Jun 18th, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report) CEO Michael Barrett sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $17.50, for a total transaction of $1,750,000.00. Following the completion of the sale, the chief executive officer owned 403,074 shares of the company’s stock, valued at $7,053,795. This trade represents a 19.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Magnite Trading Down 1.7%

Shares of MGNI opened at $18.24 on Thursday. 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 firm’s 50-day moving average is $13.85 and its two-hundred day moving average is $13.94. Magnite, Inc. has a twelve month low of $10.82 and a twelve month high of $26.65. The firm has a market capitalization of $2.61 billion, a P/E ratio of 17.54, a PEG ratio of 0.88 and a beta of 2.32.

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

More Magnite News

Here are the key news stories impacting Magnite this week:

Positive Sentiment: Magnite announced a partnership with Viasat Aviation to bring programmatic advertising to in-flight screens, expanding its connected advertising reach and potentially opening a new revenue channel. Magnite and Viasat Aviation Partner to Bring Programmatic Advertising to In-Flight Screens
Positive Sentiment: Investor sentiment appears strong, with unusual call-option activity showing a sharp jump in bullish bets on Magnite shares. Investors Purchase High Volume of Magnite Call Options (NASDAQ:MGNI)
Positive Sentiment: Recent coverage notes Magnite shares have been gaining for multiple weeks, suggesting momentum traders are still interested despite mixed longer-term earnings-revision signals. MGNI stock eyes fifth week of gains: Magnite executives file plans to sell shares, but retail is unfazed
Neutral Sentiment: Magnite’s stock saw unusually heavy trading and a strong session, but analysts warned that recent earnings estimate revisions may limit further near-term upside. Magnite (MGNI) Moves 10.8% Higher: Will This Strength Last?
Negative Sentiment: Several Magnite executives and a director disclosed stock sales, including large sales by CEO Michael Barrett and CTO David Buonasera, which can weigh on investor sentiment even if the sales were preplanned or routine.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Magnite in a report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Magnite in a research report on Thursday, April 16th. Wells Fargo & Company lifted their price target on Magnite from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $39.00 price objective on shares of Magnite in a research note on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.89.

Get Our Latest Stock Report on MGNI

Institutional Investors Weigh In On Magnite

A number of institutional investors and hedge funds have recently bought and sold shares of MGNI. Smartleaf Asset Management LLC grew its holdings in Magnite by 20.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock valued at $82,000 after buying an additional 577 shares during the last quarter. US Bancorp DE raised its holdings in shares of Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after acquiring an additional 688 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 lifted its position in shares of 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 stake in shares of Magnite by 2.4% during 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 during the last quarter. Hedge funds and other 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).