Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Magnite Inc shares valued at $263,592 were purchased by ROBERT SPILLANE on Jun 10 ’25. At $17.57 per share, ROBERT SPILLANE acquired 15,000 shares.
Also, Saltz Aaron sold 15,328 shares, netting a total of over 256,131 in proceeds. Following the sale of shares at $16.71 each, the insider now holds 296,176 shares.
Before that, Evans Katie Seitz had sold 35,000 shares from its account. In a trade valued at $607,600, the President, Operations traded Magnite Inc shares for $17.36 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $7.83 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 6.00%. Over the course of the year, Magnite Inc shares have jumped approximately 11.06%. 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.
Support And Resistance Levels for Magnite Inc (MGNI)
According to the 24-hour chart, there is a support level at 17.42, which, if violated, would cause prices to drop to 17.17. In the upper region, resistance lies at 17.89. The next price resistance is at 18.11. RSI (Relative Strength Index) is 71.79 on the 14-day chart, showing overbought technical sentiment.
