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Katie Seitz Evans, President of Operations at Magnite, INC. (NASDAQ:MGNI), sold 20,000 shares of common stock on June 16, 2025, for $18.50, totaling $370,000. The transaction comes as Magnite’s stock, with a market capitalization of $2.66 billion, has shown strong momentum, gaining over 36% in the past year. According to InvestingPro analysis, the stock’s RSI indicates overbought territory.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a Rule 10b5-1 trading plan adopted on March 6, 2025. On the same day, Evans also exercised options to acquire 20,000 shares of Magnite common stock at an exercise price of $3.61, resulting in a total value of $72,200. These options, granted as compensation for services, vest over time, with 25% vesting on February 14, 2019, and the remainder vesting monthly over the subsequent 36 months. Want deeper insights into Magnite’s valuation and financial health? InvestingPro offers comprehensive analysis with 14 additional ProTips and detailed metrics.
Following these transactions, Evans directly owns 442,788 shares of Magnite stock and 16,137 stock options. The options expire on February 26, 2028. The filing was signed by Aaron Saltz, attorney-in-fact, on June 18, 2025. Investors tracking this development should note that Magnite’s next earnings report is scheduled for August 6, 2025.
In other recent news, Magnite Inc. reported impressive first-quarter earnings for 2025, surpassing revenue expectations with a total of $156 million, compared to the anticipated $142.29 million. The company’s adjusted EBITDA rose by 47%, highlighting improved operational efficiency, while the net loss narrowed to $10 million from $18 million a year earlier. Benchmark analysts maintained a Buy rating on Magnite but lowered the price target to $24, acknowledging the company’s adept handling of market expectations and a positive outlook despite a modestly reduced forecast.
Magnite’s management was praised for guiding the market to anticipate potential macroeconomic softness, effectively mitigating any potential downturn impact. The company anticipates revenue growth of more than high-single-digits on average over the medium term, with EBITDA margins projected to reach 35% or higher. Additionally, Magnite announced a partnership with ITN to enhance local TV advertising by enabling programmatic transactions of live linear ads from local TV stations. This collaboration aims to modernize the $21 billion local TV advertising market in the U.S., making it more accessible and efficient for advertisers.
The partnership has already seen successful transactions with multiple Fox television stations, indicating a positive reception within the industry. Analysts from Benchmark noted the potential benefits for Magnite from the Google (NASDAQ:GOOGL) adtech ruling, suggesting that the company could be a significant beneficiary, further enhancing margins. These developments reflect a promising trajectory for Magnite, as it continues to innovate and adapt within the advertising industry.
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