Magnite (NASDAQ:MGNI) Insider Aaron Saltz Sells 40,000 Shares

Magnite, Inc. (NASDAQ:MGNI) insider Aaron Saltz sold 40,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $23.41, for a total transaction of $936,400.00. Following the completion of the transaction, the insider directly owned 224,389 shares in the company, valued at $5,252,946.49. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Magnite Stock Performance

NASDAQ MGNI opened at $23.77 on Friday. 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.02. The firm has a 50-day moving average of $22.03 and a 200-day moving average of $16.83. Magnite, Inc. has a 52-week low of $10.82 and a 52-week high of $26.19.

Magnite (NASDAQ:MGNI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $192.82 million for 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%. Magnite’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 EPS. On average, sell-side analysts anticipate that Magnite, Inc. will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MGNI shares. Royal Bank Of Canada increased their target price on Magnite from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Rosenblatt Securities boosted their price target on Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their price objective on Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Susquehanna increased their price objective on Magnite from $22.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial lifted their target price on Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.80.

Institutional Investors Weigh In On Magnite

Large investors have recently added to or reduced their stakes in the stock. Nykredit A S acquired a new position in Magnite in the 2nd quarter valued at $25,000. EFG International AG acquired a new stake in shares of Magnite during the 2nd quarter worth $28,000. Allworth Financial LP bought a new position in shares of Magnite in the second quarter worth $30,000. US Bancorp DE increased its position in shares of Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after purchasing an additional 688 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in 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 purchasing an additional 1,949 shares in the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

Key Stories Impacting Magnite

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

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.