Insider Selling: Magnite (NASDAQ:MGNI) CTO Sells 7,649 Shares of Stock

August 8, 2026 by InsiderTrades.com

Key Points

CEO Michael Barrett sold 293,968 Magnite shares for approximately $6.68 million under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 42.17% to 403,074 shares.
Magnite reported better-than-expected quarterly results, with EPS of $0.26 versus the $0.24 estimate and revenue of $192.82 million, up 11.3% year over year. The company also raised its 2026 outlook and projected third-quarter revenue above analyst expectations.
Analyst sentiment remains favorable: nine analysts rate the stock Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $28.30, compared with a recent price of $24.72.

Magnite, Inc. (NASDAQ:MGNI - Get Free Report) CTO David Buonasera sold 7,649 shares of Magnite stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $23.46, for a total value of $179,445.54. Following the completion of the sale, the chief technology officer directly owned 260,836 shares of the company's stock, valued at $6,119,212.56. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

As Digital Ad Spend Hits a High, These Firms Could Reap Rewards

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

On Tuesday, July 7th, David Buonasera sold 1,224 shares of Magnite stock. The shares were sold at an average price of $21.00, for a total value of $25,704.00.
On Wednesday, July 1st, David Buonasera sold 9,376 shares of Magnite stock. The shares were sold at an average price of $20.00, for a total value of $187,520.00.
On Wednesday, June 17th, David Buonasera sold 1,409 shares of Magnite stock. The shares were sold at an average price of $19.00, for a total value 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 stock was 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 shares were sold at an average price of $15.00, for a total transaction of $21,135.00.

Magnite Stock Up 1.6%

Shares of NASDAQ MGNI opened at $24.72 on Friday. The firm has a market capitalization of $3.54 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.24 and a beta of 2.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Magnite, Inc. has a 1 year low of $10.82 and a 1 year high of $26.65. The firm's 50-day moving average is $18.69 and its 200-day moving average is $14.94.

3 Stocks Offering Strong Value and Stability

Magnite (NASDAQ:MGNI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The business had revenue of $192.82 million during the quarter, compared to the consensus estimate of $179.15 million. During the same period in the previous year, the firm posted $0.20 earnings per share. Magnite's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts expect that Magnite, Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Magnite

Several institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Magnite by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company's stock worth $854,000 after acquiring an additional 3,267 shares during the period. Millennium Management LLC boosted its holdings in Magnite by 113.7% in the 1st quarter. Millennium Management LLC now owns 434,479 shares of the company's stock valued at $4,957,000 after purchasing an additional 231,213 shares during the period. Jones Financial Companies Lllp grew its position in shares of Magnite by 24.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,276 shares of the company's stock worth $83,000 after purchasing an additional 1,423 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Magnite by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 404,717 shares of the company's stock worth $4,618,000 after purchasing an additional 36,097 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Magnite by 103.6% during the 1st quarter. Intech Investment Management LLC now owns 109,992 shares of the company's stock worth $1,255,000 after purchasing an additional 55,971 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

The Trade Desk: When Sell the News Turns Into Buy the Dip

Several research analysts have recently issued reports on MGNI shares. Evercore restated an "outperform" rating and issued a $25.00 price target on shares of Magnite in a research report on Thursday. Royal Bank Of Canada raised their target price on Magnite from $20.00 to $27.00 and gave the stock an "outperform" rating in a report on Thursday. Scotiabank reaffirmed an "outperform" rating and issued a $27.00 price target on shares of Magnite in a research note on Thursday. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of Magnite in a report on Thursday, April 16th. Finally, Weiss Ratings raised Magnite from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 11th. Nine equities research 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, Magnite currently has a consensus rating of "Moderate Buy" and an average target price of $28.30.

View Our Latest Stock Report on MGNI

Trending Headlines about Magnite

Here are the key news stories impacting Magnite this week:

Positive Sentiment: Better-than-expected Q2 results: Magnite reported adjusted earnings of $0.26 per share, exceeding the $0.24 consensus estimate, while revenue rose 11.3% year over year to $192.82 million, well above the $179.15 million forecast. Magnite earnings report
Positive Sentiment: Higher outlook: The company raised its full-year 2026 forecast to 13%-14% contribution ex-TAC growth and at least a 37% adjusted EBITDA margin. Magnite also guided third-quarter revenue to $188 million-$192 million, above the $185.2 million analyst consensus. Magnite raises 2026 outlook
Positive Sentiment: Analyst optimism and CTV focus: Following the earnings beat, Rosenblatt raised its price target to $40 and maintained a buy rating, while Susquehanna lifted its target to $30 with a positive rating and B. Riley raised its target to $27 with a buy rating. Coverage also highlighted connected TV growth as an important catalyst. Magnite analyst forecast increases
Neutral Sentiment: Ad-tech peer read-through: Magnite held firm while Trade Desk fell sharply after its earnings report, suggesting investors are distinguishing between stronger and weaker companies in the digital advertising sector. Ad-tech stock comparison
Negative Sentiment: Valuation caution: Wells Fargo raised its price target modestly to $22 but retained an equal-weight rating. The target remains below Magnite’s current trading level, signaling limited near-term upside in that analyst’s view. Wells Fargo Magnite price target

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).