Magnite, Inc. Insider Sean Patrick Buckley Sells $365K in Shares

On June 17, 2026, Sean Patrick Buckley, the President of Revenue & Market Strategy at Magnite, Inc. (NasdaqGS: MGNI), sold 19,233 shares of the company. The shares were sold at an average price of $19 each, totaling $365,427. This transaction was part of a planned sale.

Insider Buying and Selling at Magnite, Inc.

Sean Patrick Buckley wasn't the only insider involved in transactions recently. On the same day, David Buonasera, the Chief Technology Officer, sold 1,409 shares at $19 per share. On June 16, 2026, CEO Michael Barrett sold 100,000 shares at $17.50 each, and Douglas Knopper sold 37,337 shares at $18.10 per share. All these transactions were planned.

Other Institutional Activity in Magnite

Institutional investors have been active in Magnite, Inc. as well. BlackRock, Inc. increased its holdings by 64,247 shares, ending with 11,657,496 shares valued at approximately $138.49 million. Wellington Management Group LLP added 561,839 shares, bringing its total to 9,191,077 shares worth about $109.19 million. On the other hand, Capital Research Global Investors reduced its stake by 7,900,000 shares, holding 5,020,289 shares valued at $59.64 million.

Magnite, Inc. Stock Down 1.9%

Shares of Magnite, Inc. traded at $18.24. The company has a market capitalization of approximately $2.63 billion and a P/E ratio of 17.37. Magnite's stock has seen a 52-week low of $10.82 and a high of $26.65. Its 50-day moving average is $13.89, while the 200-day moving average stands at $15.62. The company's current ratio is 1.02, and its quick ratio is 0.997, with a debt-to-equity ratio of 46.81.

Recent Earnings

Magnite reported revenue of $722.55 million with a growth rate of 5.5%. The company's net margin is 21.96%, and return on equity is 19.12%. Magnite's next earnings report is expected on August 5, 2026.

Analysts Set New Price Targets

On June 9, 2026, BTIG initiated coverage on Magnite with a buy rating and a $20 price target. Wells Fargo maintained a hold rating with a $15 target on May 8, 2026. Scotiabank and RBC Capital both maintained buy ratings with targets of $17 and $20, respectively. Overall, the consensus among analysts is a strong buy, with a mean price target of $22.07.

About Magnite, Inc.

Magnite, Inc. operates an independent sell-side advertising platform that helps publishers manage and monetize their digital advertising inventory. Based in New York City, Magnite's platform connects buyers and sellers of digital ads across various channels, including connected TV and digital media. The company is led by CEO Michael G. Barrett and employs around 971 people.

Bottom Line

Magnite, Inc. has seen significant insider activity with planned stock sales by key executives, including Sean Patrick Buckley. The company remains under the watchful eye of institutional investors and analysts, who generally hold a positive outlook with a strong buy rating. Investors should note that this information reflects past events and does not necessarily indicate current positions or future moves.