Advertisement
UK markets close in 2 hours 25 minutes

  • FTSE 100

    8,182.90
    +40.75 (+0.50%)
     

  • FTSE 250

    20,344.92
    +185.20 (+0.92%)
     

  • AIM

    778.09
    +3.16 (+0.41%)
     

  • GBP/EUR

    1.1825
    -0.0009 (-0.08%)
     

  • GBP/USD

    1.2694
    -0.0011 (-0.09%)
     

  • Bitcoin GBP

    51,323.84
    -288.75 (-0.56%)
     

  • CMC Crypto 200

    1,352.83
    -36.57 (-2.63%)
     

  • S&P 500

    5,473.23
    +41.63 (+0.77%)
     

  • DOW

    38,778.10
    +188.94 (+0.49%)
     

  • CRUDE OIL

    80.25
    -0.08 (-0.10%)
     

  • GOLD FUTURES

    2,329.50
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,482.11
    +379.67 (+1.00%)
     

  • HANG SENG

    17,915.55
    -20.57 (-0.11%)
     

  • DAX

    18,110.64
    +42.43 (+0.23%)
     

  • CAC 40

    7,613.90
    +42.33 (+0.56%)
     
Money:

What Labour and the Tories are offering pensioners in their manifestos

Read what the party manifestos have to say about pension policy

Insider Sale: CFO David Day Sells 21,299 Shares of Magnite Inc (MGNI)

GuruFocus Research
·1-min read

Chief Financial Officer David Day of Magnite Inc (NASDAQ:MGNI) executed a sale of 21,299 shares of the company on June 12, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 449,832 shares of the company. The shares were sold at a price of $14.01 each.

Magnite Inc (NASDAQ:MGNI) is a technology company that operates in the digital advertising sector. The company provides a platform that enables publishers to manage and monetize their advertising inventory across various formats and screens.

Over the past year, David Day has sold a total of 101,627 shares of Magnite Inc (NASDAQ:MGNI) and has not made any purchases of the stock. The insider transaction history for Magnite Inc (NASDAQ:MGNI) shows a total of 31 insider sells and no insider buys over the past year.

ADVERTISEMENT

As of the date of the insider's recent transaction, shares of Magnite Inc (NASDAQ:MGNI) were trading at $14.01, giving the company a market cap of approximately $1.92 billion. According to the GF Value, the stock is considered modestly overvalued with a price-to-GF-Value ratio of 1.14.

The GF Value of $12.25 is derived from historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.

Insider Sale: CFO David Day Sells 21,299 Shares of Magnite Inc (MGNI)
Insider Sale: CFO David Day Sells 21,299 Shares of Magnite Inc (MGNI)
Insider Sale: CFO David Day Sells 21,299 Shares of Magnite Inc (MGNI)
Insider Sale: CFO David Day Sells 21,299 Shares of Magnite Inc (MGNI)

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.