Magnite (NASDAQ:MGNI) Director Paul Caine Sells 7,500 Shares

Posted by Geri Gentry on Sep 19th, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report) Director Paul Caine sold 7,500 shares of Magnite stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $26.50, for a total transaction of $198,750.00. Following the completion of the transaction, the director owned 137,401 shares in the company, valued at $3,641,126.50. This trade represents a 5.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Caine also recently made the following trade(s):

On Thursday, September 10th, Paul Caine sold 5,000 shares of Magnite stock. The shares were sold at an average price of $23.53, for a total transaction of $117,650.00.
On Monday, August 10th, Paul Caine sold 5,000 shares of Magnite stock. The shares were sold at an average price of $24.35, for a total value of $121,750.00.
On Friday, July 10th, Paul Caine sold 5,000 shares of Magnite stock. The stock was sold at an average price of $20.64, for a total value of $103,200.00.

Magnite Price Performance

Shares of NASDAQ:MGNI opened at $25.15 on Friday. The business has a 50 day moving average price of $22.41 and a 200 day moving average price of $17.25. Magnite, Inc. has a twelve month low of $10.82 and a twelve month high of $26.84. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.12 and a beta of 2.30. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Magnite (NASDAQ:MGNI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. Magnite had a return on equity of 9.33% and a net margin of 22.49%.The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Research analysts predict that Magnite, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. B Riley restated a “buy” rating on shares of Magnite in a research report on Friday. Needham & Company LLC upped their price objective on shares of Magnite from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Magnite in a research note on Friday, August 7th. Craig Hallum reissued a “buy” rating and set a $32.00 target price on shares of Magnite in a research report on Thursday. Finally, Rosenblatt Securities boosted their price target on shares of Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.36.

Get Our Latest Stock Analysis on MGNI

Magnite News Roundup

Here are the key news stories impacting Magnite this week:

Positive Sentiment: Analyst support increased: B. Riley raised its Magnite price target from $27 to $30 and maintained a “buy” rating, implying additional upside from recent trading levels. StoneX also reiterated its “buy” rating. StoneX Sticks to Its Buy Rating for Magnite
Positive Sentiment: Google antitrust remedies could benefit ad-tech exchanges: Magnite shares recently rallied after an unsealed opinion in the U.S. Justice Department’s case against Alphabet’s Google raised expectations that remedies could improve competition and create opportunities for independent supply-side advertising platforms. Craig-Hallum reportedly lifted its target to $32. Magnite Rises on Google Auction Remedies
Positive Sentiment: Product expansion supports the growth narrative: Magnite expanded its media-buying orchestration capabilities, potentially strengthening its offering to advertisers and media owners across increasingly complex digital channels. Magnite Expands Orchestration Capabilities for Media Buying
Neutral Sentiment: Underlying results remain solid: Magnite’s latest quarter exceeded EPS and revenue expectations, with revenue up 11.3% year over year. However, investors are also weighing whether the recent AI-driven advertising enthusiasm has pushed the shares too far, with one analysis suggesting the stock could be substantially overvalued. Magnite Stock Could Be Overvalued
Negative Sentiment: Several insiders sold shares: Director Douglas Knopper sold approximately $981,000 of stock, director Paul Caine sold $198,750, CTO David Buonasera sold 1,165 shares, and Robert Spillane was also reported to have sold shares. The Knopper and Caine transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but the cluster of sales may still weigh on sentiment. Robert Spillane Sells Magnite Shares

Institutional Trading of Magnite

A number of institutional investors have recently bought and sold shares of the business. Capital Research Global Investors raised its position in shares of Magnite by 85.0% during the fourth quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock worth $209,696,000 after purchasing an additional 5,937,428 shares during the period. BlackRock Inc. bought a new stake in Magnite during the 2nd quarter worth about $241,296,000. Dimensional Fund Advisors LP lifted its position in Magnite by 10.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,983,674 shares of the company’s stock worth $47,322,000 after buying an additional 367,854 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Magnite during the 2nd quarter worth about $56,847,000. Finally, 325 Capital LLC boosted its stake in shares of Magnite by 208.5% during the 4th quarter. 325 Capital LLC now owns 2,005,387 shares of the company’s stock worth $32,547,000 after buying an additional 1,355,326 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

About Magnite

(Get Free Report)

Magnite, Inc is an independent sell-side advertising technology company that operates a global platform for digital media owners and app developers. Its technology helps publishers and media companies manage, package, sell and optimize advertising inventory across connected television (CTV), online video, mobile, desktop, audio and digital out-of-home channels.

Magnite’s platform connects publishers with agencies, brands and demand-side platforms, supporting automated, data-driven programmatic advertising transactions.