Magnite (NASDAQ:MGNI) Insider Katie Seitz Evans Sells 11,100 Shares

September 11, 2026 by InsiderTrades.com

Key Points

Magnite insider Katie Evans sold 32,285 shares for approximately $762,895 under a pre-arranged Rule 10b5-1 plan, reducing her position by 6.47% to 466,897 shares.
Magnite’s latest quarterly results exceeded expectations, with adjusted EPS of $0.26 versus $0.24 expected and revenue of $192.82 million versus $179.15 million projected; revenue increased 11.3% year over year.
Analysts remain generally bullish, with nine Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $28.80, above the cited share price.

Magnite, Inc. (NASDAQ:MGNI - Get Free Report) insider Katie Evans sold 11,100 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $23.46, for a total transaction of $260,406.00. Following the completion of the transaction, the insider directly owned 455,797 shares in the company, valued at $10,692,997.62. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Katie Seitz Evans also recently made the following trade(s):

On Tuesday, September 8th, Katie Evans sold 32,285 shares of Magnite stock. The stock was sold at an average price of $23.63, for a total transaction of $762,894.55.
On Thursday, August 6th, Katie Evans sold 20,000 shares of Magnite stock. The stock was sold at an average price of $24.00, for a total transaction of $480,000.00.

Magnite Trading Down 0.1%

Shares of NASDAQ MGNI opened at $23.55 on Friday. Magnite, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $26.19. The firm has a market capitalization of $3.38 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.03 and a beta of 2.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.03. The company's 50 day simple moving average is $21.97 and its 200 day simple moving average is $16.79.

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Magnite (NASDAQ:MGNI - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $192.82 million during the quarter, compared to analyst estimates of $179.15 million. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, analysts predict that Magnite, Inc. will post 0.61 EPS for the current year.

Key Headlines Impacting Magnite

Here are the key news stories impacting Magnite this week:

Positive Sentiment: Magnite and ITN expanded their partnership to launch an agentic-AI solution through Magnite Orchestration for local linear television advertising. The technology is designed to reduce campaign-buying timelines from several weeks to hours, potentially improving advertiser adoption and Magnite’s transaction volumes. Magnite and ITN Expand Partnership to Introduce Agentic AI Solution for Local Linear TV
Positive Sentiment: Telly expanded its partnership with Magnite, enabling advertisers to programmatically purchase Home Screen advertising on Telly’s connected-TV devices. The deal builds on Magnite’s SpringServe ad-server relationship and broadens its access to streaming inventory. Telly Takes Television Advertising Beyond The Commercial Break
Positive Sentiment: BTIG reaffirmed its Buy rating and maintained a $27 price target, implying roughly 14.6% potential upside from the referenced share price. The endorsement supports the view that Magnite’s connected-TV and programmatic advertising growth remains undervalued.
Neutral Sentiment: Magnite presented at the Bank of America Media, Communications & Entertainment Conference. The transcript may provide additional management commentary, but no major new financial guidance was highlighted in the available report. Bank of America Conference Transcript
Neutral Sentiment: Reported short interest was zero shares, with a zero-day days-to-cover ratio. Because the figures show no measurable short position, this data offers little insight into near-term trading pressure.
Negative Sentiment: Insider Katie Evans sold a combined 43,385 shares for approximately $1.02 million. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, which reduces their significance as a discretionary bearish signal, although the sales can still weigh modestly on sentiment.
Negative Sentiment: Magnite did not participate in the broader ad-tech rally that lifted Digital Turbine and AppLovin, indicating investors may want stronger evidence that the new AI and connected-TV initiatives will translate into accelerating revenue and earnings.

Institutional Trading of Magnite

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Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Magnite by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company's stock valued at $854,000 after acquiring an additional 3,267 shares during the period. Millennium Management LLC raised its position in shares of Magnite by 113.7% during the first quarter. Millennium Management LLC now owns 434,479 shares of the company's stock worth $4,957,000 after purchasing an additional 231,213 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 valued at $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 lifted its holdings 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 valued at $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% in the 1st quarter. Intech Investment Management LLC now owns 109,992 shares of the company's stock valued at $1,255,000 after purchasing an additional 55,971 shares during the period. Institutional investors and hedge funds own 73.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MGNI shares. Evercore reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Magnite in a research note on Thursday, August 6th. BTIG Research reissued a "buy" rating and issued a $27.00 target price on shares of Magnite in a research note on Wednesday. Wells Fargo & Company raised their target price on Magnite from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of Magnite in a research report on Friday, August 7th. Finally, Needham & Company LLC boosted their target price on Magnite from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.80.

Read Our Latest Stock Analysis on Magnite

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).