Michael Barrett Sells Shares of Magnite, Inc. $MGNI
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Michael Barrett, CEO at Magnite, Inc. ($MGNI), sold 100,000 shares at an average price of $0. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Magnite, Inc. Stock Down 23.0%
Shares of Magnite, Inc. ($MGNI) traded around $18.24 on Thursday, down 23.0% for the day.
Magnite, Inc. Earnings
Analysts Set New Price Targets
About Magnite, Inc.
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. Magnite, Inc. was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. The company was incorporated in 2007 and is headquartered in New York, New York.
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