On December 17, 2024, David Day, the Chief Financial Officer of Magnite Inc (MGNI, Financial), executed a sale of 25,144 shares of the company. Following this transaction, the insider now holds 387,359 shares of Magnite Inc. The details of this transaction can be found in the SEC Filing.
Magnite Inc is a company that operates in the digital advertising technology sector. It provides a platform that enables publishers to monetize their content across various channels and formats, including desktop, mobile, audio, and connected TV.
The insider transaction history for Magnite Inc indicates that there have been no insider buys over the past year, while there have been 42 insider sells during the same period. Over the past year, David Day has sold a total of 105,622 shares and has not purchased any shares.
On the day of the recent sale, shares of Magnite Inc were trading at $16.38, giving the stock a market cap of $2.228 billion. The company's price-earnings ratio stands at 264.00, which is higher than the industry median of 17.855 and also higher than the company's historical median price-earnings ratio.
With a trading price of $16.38 and a GF Value of $11.10, Magnite Inc has a price-to-GF-Value ratio of 1.48, 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.
