Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Magnite Inc shares valued at $141,576 were purchased by ADAM SOROCA on May 20 ’25. At $17.00 per share, ADAM SOROCA acquired 8,328 shares.
Also, Soroca Adam Lee sold 11,366 shares, netting a total of over 178,787 in proceeds. Following the sale of shares at $15.73 each, the insider now holds 437,117 shares.
Before that, Buckley Sean Patrick had sold 9,692 shares from its account. In a trade valued at $152,455, the President, Revenue traded Magnite Inc shares for $15.73 each. Upon closing the transaction, the insider’s holdings decreased to 9,692 shares, worth approximately $5.39 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 drop of approximately -6.51%. Over the course of the year, Magnite Inc shares have dropped approximately -2.58%. A 50-day SMA is recorded $12.46, while a 200-day SMA reached $14.35.
Support And Resistance Levels for Magnite Inc (MGNI)
RSI (Relative Strength Index) is 63.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 30.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
