On November 25, 2024, Aaron Saltz, the Chief Legal Officer at Magnite Inc (MGNI, Financial), sold 6,110 shares of the company. Following this transaction, the insider now owns 297,482 shares of Magnite Inc. The details of this transaction can be found in the SEC Filing.
Magnite Inc (MGNI) is a company that operates in the digital advertising industry, providing a technology platform that enables publishers to monetize their content across various channels, including desktop, mobile, audio, and connected TV. The company offers a range of solutions that facilitate the buying and selling of digital advertising inventory.
The insider transaction history for Magnite Inc shows that there have been no insider buys in total over the past year. Meanwhile, there have been 39 insider sells over the same timeframe. Over the past year, Aaron Saltz has sold 16,000 shares in total and purchased 0 shares in total.
As of the day of the recent transaction, shares of Magnite Inc were trading at $17.5 each, giving the stock a market cap of $2.338 billion. The company's price-earnings ratio stands at 277.00, which is higher than the industry median of 17.06 and higher than the company’s historical median price-earnings ratio.
With a price of $17.5 and a GuruFocus Value of $11.44, Magnite Inc has a price-to-GF-Value ratio of 1.53. This indicates that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and 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.
