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

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

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

• On Friday, September 11th, Katie Evans sold 13,997 shares of Magnite stock. The stock was sold at an average price of $24.00, for a total value of $335,928.00.
• 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 Stock Performance

Shares of NASDAQ MGNI opened at $23.77 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. Magnite, Inc. has a 12 month low of $10.82 and a 12 month high of $26.19. The company has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $16.83. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.03 and a beta of 2.30.

Magnite (NASDAQ:MGNI) last released its quarterly earnings data 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 firm had revenue of $192.82 million for the quarter, compared to analyst estimates of $179.15 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts predict that Magnite, Inc. will post 0.61 earnings per share for the current year.

Magnite News Summary

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

Analyst Upgrades and Downgrades

MGNI has been the subject of a number of recent research reports. Benchmark lifted their price objective on Magnite from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC upped their target price on Magnite from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. 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, August 6th. Susquehanna lifted their price target on Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Finally, Rosenblatt Securities boosted their price target on Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Magnite presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.80.

Institutional Investors Weigh In On Magnite

A number of institutional investors have recently modified their holdings of MGNI. Nykredit A S acquired a new position in Magnite in the 2nd quarter worth about $25,000. EFG International AG purchased a new position in Magnite during the second quarter worth approximately $28,000. Allworth Financial LP acquired a new stake in Magnite in the second quarter valued at approximately $30,000. US Bancorp DE grew its holdings in Magnite by 75.8% in the third 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. Finally, PNC Financial Services Group Inc. increased its position in shares of Magnite by 106.3% in 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 in the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.

About Magnite

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.