Insider Selling: Robert Spillane Sells 12,500 Shares of Magnite Inc (MGNI)

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Nov 23, 2024
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On November 20, 2024, Robert Spillane, a Director at Magnite Inc (MGNI, Financial), sold 12,500 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 70,651 shares of the company. Magnite Inc (MGNI) is a company that operates in the digital advertising industry, providing a platform for publishers to monetize their content through programmatic advertising. The company offers solutions that enable publishers to optimize their advertising revenue across various channels, including desktop, mobile, and connected TV. Over the past year, Robert Spillane has sold a total of 37,500 shares and has not purchased any shares. The insider transaction history for Magnite Inc shows that there have been 0 insider buys and 34 insider sells over the same timeframe.

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On the day of the recent sale, shares of Magnite Inc were trading at $16.12, giving the stock a market cap of $2.41 billion. The company's price-earnings ratio stands at 275.83, which is higher than the industry median of 16.945 and also higher than the company’s historical median price-earnings ratio. With a trading price of $16.12 and a GF Value of $11.55, Magnite Inc has a price-to-GF-Value ratio of 1.4, indicating that the stock is significantly overvalued based on its GF Value.

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The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow that the stock has traded at. It also includes a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance 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.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.