Brian Gephart, the Chief Accounting Officer of Magnite Inc (MGNI, Financial), sold 2,156 shares of the company on November 11, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 116,982 shares of Magnite Inc.
Over the past year, Brian Gephart has sold a total of 18,322 shares of Magnite Inc and has not made any purchases of the stock. This recent transaction continues a trend observed over the past year, where there have been 28 insider sells and no insider buys.
Magnite Inc operates as a technology company in the advertising sector. It provides a technology platform that enables publishers to monetize their content across various screens and formats, including desktop, mobile, video, and connected TV, through the use of automation and real-time bidding.
Shares of Magnite Inc were trading at $15 on the day of the sale, giving the company a market cap of approximately $2.32 billion. According to the GF Value, the intrinsic value estimate for Magnite Inc is $11.83 per share, suggesting that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.27.
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, adjusted for the company’s past performance and expected future business outcomes.
This insider sale might draw attention from investors, especially considering the company's current valuation and the ongoing trends in insider transactions.
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.
