On June 11, 2024, Robert Spillane, Director at Magnite Inc (MGNI, Financial), executed a sale of 25,000 shares of the company. The transaction was filed on June 13, 2024, as reported in the SEC Filing. Following this transaction, the insider now owns 83,151 shares of Magnite Inc.
Magnite Inc operates as a technology company in the advertising sector. It provides a sell-side advertising platform that enables publishers to monetize various formats of digital content with different transaction models across a range of devices.
Over the past year, Robert Spillane has sold a total of 50,000 shares of Magnite Inc and has not made any purchases of the stock. The broader trend within the company also reflects more insider selling activities, with a total of 29 insider sells and no insider buys over the past year.
Shares of Magnite Inc were priced at $13.04 on the day of the transaction. The company currently holds a market cap of approximately $1.942 billion. According to the GF Value, the intrinsic value of the stock is estimated at $12.25, indicating that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.06.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
