Magnite (NASDAQ:MGNI) CTO David Buonasera Sells 1,224 Shares of Stock

Posted by on Jul 10th, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report) CTO David Buonasera sold 1,224 shares of Magnite stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $21.00, for a total transaction of $25,704.00. Following the transaction, the chief technology officer directly owned 268,485 shares in the company, valued at $5,638,185. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

David Buonasera also recently made the following trade(s):

  • On Wednesday, July 1st, David Buonasera sold 9,376 shares of Magnite stock. The stock was sold at an average price of $20.00, for a total transaction of $187,520.00.
  • On Wednesday, June 17th, David Buonasera sold 1,409 shares of Magnite stock. The stock was sold at an average price of $19.00, for a total transaction of $26,771.00.
  • On Tuesday, June 16th, David Buonasera sold 11,233 shares of Magnite stock. The stock was sold at an average price of $18.00, for a total value of $202,194.00.
  • On Monday, June 15th, David Buonasera sold 1,057 shares of Magnite stock. The shares were sold at an average price of $17.00, for a total value of $17,969.00.
  • On Monday, June 1st, David Buonasera sold 1,409 shares of Magnite stock. The stock was sold at an average price of $15.00, for a total value of $21,135.00.

Magnite Stock Performance

Shares of Magnite stock opened at $21.22 on Friday. The business’s fifty day simple moving average is $15.90 and its 200 day simple moving average is $14.36. 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 12 month low of $10.82 and a 12 month high of $26.65. The firm has a market capitalization of $3.04 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.03 and a beta of 2.25.

Magnite (NASDAQ:MGNI – Get Free Report) last announced its 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 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 revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. As a group, analysts anticipate that Magnite, Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Magnite

Large investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Magnite by 75.8% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after purchasing an additional 688 shares during the period. Central Pacific Bank Trust Division purchased a new position in Magnite during the 4th quarter valued at about $41,000. Strategic Advocates LLC purchased a new position in Magnite during the 3rd quarter valued at about $42,000. PNC Financial Services Group Inc. increased its position in shares of Magnite by 106.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,783 shares of the company’s stock valued at $45,000 after buying an additional 1,949 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Magnite by 98.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,678 shares of the company’s stock valued at $61,000 after buying an additional 1,824 shares during the period. 73.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BTIG Research started coverage on Magnite in a research note on Tuesday, June 9th. They issued a “buy” rating and a $20.00 price objective on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Magnite in a research report on Thursday, May 28th. Wells Fargo & Company boosted 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. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Magnite in a research report on Thursday, April 16th. Finally, Evercore reiterated an “outperform” rating and set a $21.00 price target on shares of Magnite in a research note on Thursday, May 7th. Eight 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.89.

View Our Latest Stock Report on MGNI

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).

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Insider Buying and Selling by Quarter for Magnite (NASDAQ:MGNI)

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