Paul Caine Sells 5,000 Shares of Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. (NASDAQ:MGNI - Get Free Report) Director Paul Caine sold 5,000 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $23.53, for a total transaction of $117,650.00. Following the completion of the transaction, the director owned 144,901 shares in the company, valued at approximately $3,409,520.53. This trade represents a 3.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

• Roku's Ad Business Is Growing—These 3 Stocks Could Be Next

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

• 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 transaction 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 transaction of $103,200.00.

Magnite Trading Up 0.9%

---

---

Shares of NASDAQ:MGNI opened at $23.77 on Friday. Magnite, Inc. has a 12-month low of $10.82 and a 12-month high of $26.19. The stock has a market cap of $3.41 billion, a PE ratio of 21.81, a P/E/G ratio of 1.03 and a beta of 2.30. The business has a 50 day moving average of $22.03 and a 200-day moving average of $16.83. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

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

Magnite (NASDAQ:MGNI - Get Free Report) last announced its 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. The company had revenue of $192.82 million for the quarter, compared to analyst estimates of $179.15 million. Magnite had a return on equity of 9.33% and a net margin of 22.49%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. As a group, equities research analysts forecast that Magnite, Inc. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted 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. BTIG Research restated a "buy" rating and issued a $27.00 price target on shares of Magnite in a research note on Wednesday. Scotiabank reaffirmed an "outperform" rating and set a $27.00 price target on shares of Magnite in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Magnite in a research report on Friday, August 7th. Finally, Benchmark lifted their price objective on shares of Magnite from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Magnite presently has an average rating of "Moderate Buy" and an average target price of $28.80.

• 3 Stocks Offering Strong Value and Stability

Read Our Latest Analysis on MGNI

More Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Magnite and ITN expanded their partnership to introduce an agentic-AI solution through Magnite Orchestration for local linear television advertising. The platform is designed to reduce local TV campaign-buying timelines from weeks to hours, potentially increasing advertiser adoption, transaction volumes and Magnite’s role in programmatic TV. Magnite and ITN Expand Partnership to Introduce Agentic AI Solution for Local Linear TV
• Positive Sentiment: The ITN announcement strengthens Magnite’s connected-TV and local-TV growth narrative by adding automation and artificial intelligence to its advertising infrastructure. Investors may view the initiative as a potential long-term catalyst, although the company has not disclosed an immediate financial impact.
• Neutral Sentiment: Magnite’s latest reported quarter showed adjusted earnings of $0.26 per share versus the $0.24 consensus estimate and revenue of $192.82 million versus expectations of $179.15 million. Revenue grew 11.3% year over year, providing fundamental support for the stock, though these results were released before the current news window.
• Neutral Sentiment: Recent analyst commentary remains generally favorable, with BTIG maintaining a Buy rating and a $27 price target and Needham assigning a $30 target. The consensus target of $28.80 suggests analysts see additional upside, but these views are not new earnings guidance.
• Negative Sentiment: Magnite insiders sold a combined 102,382 shares for approximately $2.41 million across September 8–11. The sales included 40,000 shares from Aaron Saltz, 5,000 from director Paul Caine and multiple transactions totaling 57,382 shares from Katie Evans. Each transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing the strength of the bearish signal, but the volume of selling could weigh on investor confidence. SEC insider transaction filing

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MGNI. Smartleaf Asset Management LLC raised its position in Magnite by 20.5% during the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company's stock valued at $82,000 after purchasing an additional 577 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Magnite by 63.7% during the 2nd quarter. Allworth Financial LP now owns 1,567 shares of the company's stock worth $30,000 after buying an additional 610 shares in the last quarter. US Bancorp DE lifted its position in shares of Magnite by 75.8% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company's stock worth $35,000 after buying an additional 688 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in 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 buying an additional 755 shares in the last quarter. Finally, AYAL Capital Advisors Ltd boosted its stake in 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 buying an additional 1,000 shares in the last quarter. 73.40% of the stock is owned by institutional investors.

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.

Read More

• Five stocks we like better than Magnite
• Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
• Kroger’s Textbook Entry for Buy-and-Hold Investors
• AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
• Amgen Drops 10% on a Trial It Didn't Even Run

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].