Magnite Inc’s recently made public that its CEO BARRETT MICHAEL G. unloaded Company’s shares for reported $1.65 million on Jul 15 ’25. In the deal valued at $23.27 per share,70,900 shares were sold. As a result of this transaction, BARRETT MICHAEL G. now holds 285,808 shares worth roughly $7.0 million.
Then, BARRETT MICHAEL G. bought 70,900 shares, generating $1,650,160 in total proceeds.
Before that, Caine Paul sold 5,000 shares. Magnite Inc shares valued at $117,650 were divested by the Director at a price of $23.53 per share. As a result of the transaction, Caine Paul now holds 183,603 shares, worth roughly $4.49 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 0.87% to $24.48. Over the last five days, the stock has gained 8.46%. Magnite Inc shares have risen nearly 54.55% since the year began. Nevertheless, the stocks have risen 53.77% over the past one year. While a 52-week high of $25.27 was reached on 07/03/25, 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 24.16, which if violated will result in even more drops to 23.84. On the upside, there is a resistance level at 24.81. A further resistance level may holdings at 25.13.
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.
