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 $1,649,843 were sold by BARRETT MICHAEL G. on Jul 15 ’25. At $23.27 per share, BARRETT MICHAEL G. sold 70,900 shares. The insider’s holdings dropped to 285,808 shares worth approximately $6.44 million following the completion of this transaction.
Also, BARRETT MICHAEL G. purchased 70,900 shares, netting a total of over 1,650,160 in proceeds.
Before that, Caine Paul had sold 5,000 shares from its account. In a trade valued at $117,650, the Director traded Magnite Inc shares for $23.53 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $4.14 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
On last trading session,, Magnite Inc [NASDAQ: MGNI] plunged -2.38% to $22.55. The stock’s lowest price that day was $22.14, but it reached a high of $23.185 in the same session. During the last five days, there has been a drop of approximately -6.24%. Over the course of the year, Magnite Inc shares have jumped approximately 50.94%. Shares of the company reached a 52-week high of $25.27 on 07/03/25 and a 52-week low of $8.22 on 04/07/25.
Support And Resistance Levels for Magnite Inc (MGNI)
According to the 24-hour chart, there is a support level at 22.06, which, if violated, would cause prices to drop to 21.58. In the upper region, resistance lies at 23.11. The next price resistance is at 23.67. RSI (Relative Strength Index) is 53.85 on the 14-day chart, showing neutral technical sentiment.
Is Magnite Inc subject to short interest?
Stocks of Magnite Inc saw a sharp rise in short interest on 2025-06-30 jumping by 4.33 million shares to 20.58 million. Data from Yahoo Finance shows that the short interest on 2025-05-30 was 16.25 million shares. A jump of 21.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.15 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.15.
Which companies own the most shares of Magnite Inc (MGNI)?
In terms of Magnite Inc share price expectations, FactSet research, analysts set an average price target of 24 in the next 12 months, up nearly 3.9% from the previous closing price of $23.1. Analysts anticipate Magnite Inc stock to reach 24 by 2025, with the lowest price target being 24. In spite of this, 10 analysts ranked Magnite Inc stock as Buy at the end of 2025. On July 25, 2024, Lake Street assigned a price target of “a Buy” to the stock and initiated coverage with a $21.
