GuruFocus - Chief Financial Officer David Day of Magnite Inc (NASDAQ:MGNI) executed a sale of 19,077 shares of the company on July 15, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 430,755 shares of the company. The shares were sold at a price of $15 each.
Magnite Inc (NASDAQ:MGNI) is a technology company that operates in the digital advertising sector. The company provides a platform that enables publishers to manage and monetize their content across various channels.
Over the past year, David Day has sold a total of 89,556 shares of Magnite Inc and has not made any purchases of the stock. The insider transaction history for Magnite Inc shows a total of 30 insider sells and no insider buys over the past year.
Shares of Magnite Inc were trading at $15 on the day of the sale, giving the company a market cap of approximately $2.07 billion. According to the GF Value, the stock is currently modestly overvalued with a price-to-GF-Value ratio of 1.23.
The GF Value of $12.16 is derived from historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on the companys past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider could be of interest to current and potential investors, providing insight into how insiders are viewing the stock's current valuation and future prospects.
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.
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