Magnite Inc’s filing revealed that its CHIEF PRODUCT OFFICER Soroca Adam Lee unloaded Company’s shares for reported $0.89 million on Jun 24 ’25. In the deal valued at $20.00 per share,44,519 shares were sold. As a result of this transaction, Soroca Adam Lee now holds 400,927 shares worth roughly $8.46 million.
Then, Caine Paul sold 5,000 shares, generating $100,000 in total proceeds. Upon selling the shares at $20.00, the Director now owns 188,603 shares.
Before that, BARRETT MICHAEL G. sold 300,000 shares. Magnite Inc shares valued at $6,003,000 were divested by the CEO at a price of $20.01 per share. As a result of the transaction, BARRETT MICHAEL G. now holds 356,708 shares, worth roughly $7.53 million.
Needham reiterated its Magnite Inc [MGNI] rating to a Buy in a research note published on May 12, 2025; the price target was $18. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Scotiabank began covering MGNI with “Sector outperform” recommendation on December 05, 2024. Wells Fargo started covering the stock on October 29, 2024. It rated MGNI as “an Equal weight”.
Price Performance Review of MGNI
On Friday, Magnite Inc [NASDAQ:MGNI] saw its stock jump 0.62% to $21.1. Over the last five days, the stock has gained 12.71%. Magnite Inc shares have risen nearly 60.95% since the year began. Nevertheless, the stocks have risen 32.54% over the past one year. While a 52-week high of $21.29 was reached on 02/07/25, a 52-week low of $8.22 was recorded on 04/07/25.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 20.79, which if violated will result in even more drops to 20.47. On the upside, there is a resistance level at 21.29. A further resistance level may holdings at 21.47.
How much short interest is there in Magnite Inc?
A steep rise in short interest was recorded in Magnite Inc stocks on 2025-06-13, growing by 3.44 million shares to a total of 19.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 16.05 million shares. There was a rise of 17.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 25, 2024 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.
