On December 4, 2024, Michael Barrett, the Chief Executive Officer of Magnite Inc (MGNI, Financial), sold 147,996 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 634,914 shares of the company.
Magnite Inc (MGNI) is a company that provides a technology platform for the sale of digital advertising. The company offers a platform that enables publishers to monetize their content across all screens and formats, including desktop, mobile, audio, and connected TV.
Over the past year, Michael Barrett has sold a total of 625,000 shares and has not purchased any shares. The insider transaction history for Magnite Inc shows that there have been 0 insider buys and 40 insider sells over the same timeframe.
On the day of the recent sale, shares of Magnite Inc were trading at $17.52, giving the stock a market cap of $2.532 billion. The company's price-earnings ratio is 300.00, which is higher than the industry median of 17.3 and higher than the company’s historical median price-earnings ratio.
With a price of $17.52 and a GF Value of $11.44, Magnite Inc has a price-to-GF-Value ratio of 1.53, indicating 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.
