Magnite Director Paul Caine Sells 7,500 Shares for $187,500
The insider sold 7,500 shares but still maintains nearly 150,000 shares.
Director Paul Caine of Magnite, a key player in the programmatic advertising sector, divested 7,500 shares of the company's common stock on August 14, 2026. This sale, as detailed in an SEC Form 4 filing, amounted to a transaction value of $187,500, calculated using a weighted average sale price of $25 per share. By the market close on the same day, the stock's value had dipped slightly to $24.73, reflecting a post-transaction valuation of $186,825 for the sold shares.
Magnite, boasting a substantial market capitalization of $3.4 billion and trailing twelve months (TTM) revenue of $742 million, plays a pivotal role in the digital advertising supply chain. The company's platform acts as a vital marketplace, linking publishers in need of monetizing digital content with advertisers and agencies aiming for efficient audience engagement.
With a workforce of 971 employees and a robust net income of $166.9 million TTM, Magnite maintains its competitive edge in a market increasingly dominated by consolidated advertising technology firms.
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