Douglas Knopper Sells 37,337 Shares of Magnite (NASDAQ:MGNI) Stock

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Aug 8, 2026 at 05:52 AM

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Magnite (NASDAQ:MGNI) Director Douglas Knopper sold 37,337 shares valued at $848,296.64 on August 6th under a Rule 10b5-1 plan, reducing his stake by 29.68%. Concurrently, CEO Michael Barrett sold nearly 294,000 shares. The news follows Magnite's better-than-expected Q2 earnings, with EPS of $0.26 and revenue up 11.3% YoY, alongside raised outlooks and positive analyst sentiment.

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) Director Douglas Knopper sold 37,337 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $22.72, for a total value of $848,296.64. Following the sale, the director directly owned 88,473 shares in the company, valued at $2,010,106.56. This trade represents a 29.68% decrease in their ownership of the stock. The sale was disclosed in a 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.

Magnite Stock Up 1.6%

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

NASDAQ MGNI opened at $24.72 on Friday. The stock has a 50 day moving average price of $18.69 and a 200-day moving average price of $14.94. Magnite, Inc. has a one year low of $10.82 and a one year high of $26.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $3.54 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.24 and a beta of 2.26.

Magnite (NASDAQ:MGNI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $192.82 million for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.20 earnings per share. As a group, equities analysts predict that Magnite, Inc. will post 0.55 EPS for the current fiscal year.

Magnite News Summary

3 Stocks Offering Strong Value and Stability

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore restated an "outperform" rating and set a $25.00 target price on shares of Magnite in a research report on Thursday. Susquehanna lifted their price target on Magnite from $22.00 to $30.00 and gave the stock a "positive" rating in a research report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of Magnite in a research note on Thursday, April 16th. 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 research report on Friday. Finally, BTIG Research raised their price objective on Magnite from $20.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.30.

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

Get Our Latest Stock Analysis on Magnite

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Magnite by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company's stock worth $854,000 after purchasing an additional 3,267 shares during the period. Millennium Management LLC grew its holdings in Magnite by 113.7% during 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 last quarter. Jones Financial Companies Lllp raised its position in Magnite by 24.3% in 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Magnite by 9.8% in 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 during the period. Finally, Intech Investment Management LLC lifted its stake in Magnite by 103.6% in the first 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 during the last quarter. Institutional investors own 73.40% of the company's stock.

Magnite Company Profile

(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).