The absence of any open-market buys and the participation of both the Chief Legal Officer and a Director suggest a coordinated or sentiment-driven exit. Monitor for upcoming earnings or any material adverse news that may have prompted the selling.
Price Chart
Executive Summary
A cluster of six Magnite insiders sold a total of $2.65M in open-market sales over a week, led by the Chief Legal Officer ($936K) and a Director ($981K). The selling is broad-based across C-suite and board, with no offsetting open-market purchases, signaling a bearish read on the stock at current levels.
Key Financial Metrics
Key Facts
- Six insiders sold shares in open-market transactions totaling $2.65M between Sep 10-17, 2026.
- Chief Legal Officer Aaron Saltz sold 40,000 shares for $936K at $23.41.
- Director Douglas Knopper sold 37,300 shares for $981K at $26.28.
- No open-market purchases were reported in the cluster.
- Total sales represent approximately 0.8% of Magnite's $326M market cap, a modest but notable insider divestiture.
Financial Impact
Insider sales of $2.65M represent ~0.8% of market cap, a modest but concentrated sell-off by senior insiders.
Risk Factors
- Insider selling may indicate management's view that the stock is overvalued or that near-term headwinds exist.
- Broad-based selling across C-suite and board reduces the likelihood of liquidity-driven sales.
- No 10b5-1 plan indication was provided, increasing the informational content of the sales.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MGNI-1789797790041 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | 8-K | $25.45 | awaiting T+20 | — | $21.82 (−14.26%) |
Sep 21, 2026 5w ago | 8-K | $24.80 $23.81 | ▼ −3.99% | ▼ −3.43% | $21.82 (−12.02%) |
Sep 18, 2026 5w ago | Insider Cluster | $25.31 $23.55 | ▲ +6.95% | ▲ +6.05% | $21.82 (+13.79%) |
Sep 17, 2026 5w ago | 144 | $25.15 $23.37 | ▼ −7.08% | ▼ −7.28% | $21.82 (−13.24%) |
Sep 17, 2026 5w ago | 144 | $25.15 $23.37 | ▼ −7.08% | ▼ −7.28% | $21.82 (−13.24%) |
Sep 16, 2026 5w ago | Insider Cluster | $25.63 $24.48 | ▲ +4.49% | ▲ +5.94% | $21.82 (+14.87%) |
Sep 11, 2026 6w ago | Insider Cluster | $23.84 $25.08 | ▲ +5.20% | ▲ +2.68% | $21.82 (−8.47%) |
Sep 10, 2026 6w ago | Insider Cluster | $23.77 $25.40 | ▲ +6.86% | ▲ +4.74% | $21.82 (−8.20%) |
Sep 10, 2026 6w ago | Press Release | $23.55 $25.45 | ▲ +8.07% | ▲ +5.94% | $21.82 (−7.35%) |
Sep 3, 2026 7w ago | Insider Cluster | $24.14 $24.96 | ▲ +3.40% | ▲ +2.54% | $21.82 (−9.61%) |
US Market Status
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