The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Magnite Inc shares valued at $102,357 were sold by Gephart Brian on May 12 ’25. At $16.16 per share, Gephart Brian sold 6,334 shares. The insider’s holdings dropped to 126,575 shares worth approximately $2.01 million following the completion of this transaction.
Also, Gephart Brian purchased 6,334 shares, netting a total of over 102,382 in proceeds.
Before that, Gephart Brian had sold 6,250 shares from its account. In a trade valued at $100,000, the CHIEF ACCOUNTING OFFICER traded Magnite Inc shares for $16.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $2.11 million.
As published in a research note from Needham on May 12, 2025, Magnite Inc [MGNI] has been retained to a Buy and the price target has been revised to $18. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early December. As of December 05, 2024, Scotiabank has initiated its “Sector outperform” rating for MGNI. Earlier on October 29, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for MGNI stock.
Analyzing MGNI Stock Performance
During the last five days, there has been a surge of approximately 6.65%. Over the course of the year, Magnite Inc shares have dropped approximately -0.25%. Shares of the company reached a 52-week high of $21.29 on 02/07/25 and a 52-week low of $8.22 on 04/07/25. A 50-day SMA is recorded $12.24, while a 200-day SMA reached $14.32.
Support And Resistance Levels for Magnite Inc (MGNI)
According to the 24-hour chart, there is a support level at 15.57, which, if violated, would cause prices to drop to 15.27. In the upper region, resistance lies at 16.36. The next price resistance is at 16.85. RSI (Relative Strength Index) is 70.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.52, which suggests the price will increase in the coming days. Percent R is at 18.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
