David Buonasera Sells Shares of MGNI
David Buonasera sold 11,233 shares of MGNI, valued at $202,194.
Key Points
- David Buonasera, MGNI's CTO, sold 11,233 shares at $18 each on June 16, 2026.
- MGNI shares traded around $18.55, with active institutional interest from major funds.
- Analysts have varied ratings for MGNI, with BTIG initiating a 'buy' at a $20 target.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
David Buonasera, the Chief Technology Officer of MGNI, sold 11,233 shares of the company on June 16, 2026. The shares were sold at an average price of $18 each, resulting in a total transaction value of $202,194. This sale was part of a planned transaction.
Other Institutional Activity in MGNI
BlackRock, Inc. increased its holdings in MGNI by 64,247 shares, bringing its total to 11,657,496 shares valued at approximately $138.5 million. Wellington Management Group LLP also added 561,839 shares, ending with 9,191,077 shares worth about $109.2 million. Meanwhile, Capital Research Global Investors reduced its stake significantly by 7,900,000 shares, leaving it with 5,020,289 shares valued at $59.6 million.
Magnite, Inc. Stock Down 21.7%
Shares of MGNI traded at approximately $18.55. MGNI has attracted interest from several large institutional investors, as seen in recent filings. The stock's performance and valuation are closely watched by analysts and investors alike.
$MGNI stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Magnite, Inc.
In addition to Buonasera's sale, other notable insider transactions occurred at MGNI around the same time. CEO Michael Barrett sold 100,000 shares at $17.5 on June 16, 2026, as part of a planned sale. Douglas Knopper also sold 37,337 shares at $18.1 on the same day.
Analysts Set New Price Targets
On June 9, 2026, BTIG initiated coverage of MGNI with a 'buy' rating and a price target of $20. Other analysts have maintained their ratings, with Wells Fargo holding a 'hold' rating and a $15 target as of May 8, 2026, and Scotiabank maintaining a 'buy' with a $17 target as of May 7, 2026. The consensus among analysts indicates a mixed outlook, with a range of price targets reflecting varied expectations.
Bottom Line
David Buonasera's recent sale of MGNI shares is part of ongoing insider activity that investors often monitor for insights into company leadership's confidence. Institutional interest remains strong, with major funds adjusting their positions. Analysts have varied views on MGNI's potential, offering a range of price targets and ratings.
Get Magnite, Inc. alerts
New 13F filings, insider trades, and analyst moves on $MGNI, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.