we’re magnite (nasdaq: mgni), the world’s largest independent sell-side advertising platform. publishers use our technology to monetize their content across all screens and formats including ctv, online video, display, and audio. the world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. in april 2021 we acquired spotx to further enhance our ctv business and better help our clients in this rapidly growing market. anchored in sunny los angeles, bustling new york city, mile high denver, historic london, and down under in sydney, magnite has offices across north america, emea, latam, and apac.
Company profile
Ticker
MGNI
Exchange
Website
CEO
Michael Barrett
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
RUBICON PROJECT, INC.
SEC CIK
Corporate docs
Subsidiaries
Magnite Australia PTY Limited • Magnite Servicos De Internet Ltda • Magnite SARL • Magnite GmbH • Magnite AB • Magnite S.R.L. • Magnite K.K. • Magnite Netherlands B.V. • Magnite Singapore Pte Ltd. • Magnite Ltd ...
IRS number
208881738
MGNI stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
28 Feb 24
8-K
Magnite Reports Fourth Quarter and Full-Year 2023 Results
28 Feb 24
8-K
Magnite Announces Closing of New Senior Secured Revolving Credit and Term Loan Facilities
7 Feb 24
8-K
Magnite Announces Intention to Refinance Existing Credit Facilities
22 Jan 24
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Magnite Reports Third Quarter 2023 Results
8 Nov 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Magnite Reports Second Quarter 2023 Results
9 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
16 Jun 23
UPLOAD
Letter from SEC
14 Jun 23
Transcripts
MGNI
Earnings call transcript
2023 Q4
28 Feb 24
MGNI
Earnings call transcript
2023 Q3
8 Nov 23
MGNI
Earnings call transcript
2023 Q2
9 Aug 23
MGNI
Earnings call transcript
2023 Q1
10 May 23
MGNI
Earnings call transcript
2022 Q4
22 Feb 23
MGNI
Earnings call transcript
2022 Q3
10 Nov 22
MGNI
Earnings call transcript
2022 Q2
10 Aug 22
MGNI
Earnings call transcript
2023 Q1
10 May 22
MGNI
Earnings call transcript
2022 Q1
4 May 22
MGNI
Earnings call transcript
2021 Q4
24 Feb 22
Latest ownership filings
4
MICHAEL G. BARRETT
18 Mar 24
144
Notice of proposed sale of securities
18 Mar 24
4
Adam Lee Soroca
15 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
4
David Buonasera
16 Feb 24
4
Sean Patrick Buckley
16 Feb 24
4
Brian Gephart
16 Feb 24
4
Aaron Saltz
16 Feb 24
4
Katie Seitz Evans
16 Feb 24
4
David Day
16 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 310.56 mm | 310.56 mm | 310.56 mm | 310.56 mm | 310.56 mm | 310.56 mm |
Cash burn (monthly) | (no burn) | (no burn) | 6.15 mm | 19.27 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 36.80 mm | 115.36 mm | n/a | n/a |
Cash remaining | n/a | n/a | 273.76 mm | 195.19 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 44.5 | 10.1 | n/a | n/a |
Institutional ownership, Q3 2023
75.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 213 |
Opened positions | 38 |
Closed positions | 43 |
Increased positions | 63 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 761.26 bn |
Total shares | 102.48 mm |
Total puts | 2.85 mm |
Total calls | 1.91 mm |
Total put/call ratio | 1.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 12.44 mm | $93.81 bn |
BLK Blackrock | 9.23 mm | $69.57 bn |
Granahan Investment Management | 7.20 mm | $54.32 bn |
Edenbrook Capital | 5.85 mm | $44.10 bn |
Dimensional Fund Advisors | 5.69 mm | $42.89 bn |
FMR | 4.40 mm | $33.18 bn |
Rubric Capital Management | 4.00 mm | $30.16 bn |
Nine Ten Capital Management | 3.93 mm | $29.64 bn |
BK Bank Of New York Mellon | 3.45 mm | $26.04 bn |
Wellington Management | 2.89 mm | $21.77 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Barrett Michael G. | Common Stock | Sell | Dispose S | No | Yes | 11.21 | 75,000 | 840.75 k | 1,234,662 |
14 Mar 24 | Soroca Adam Lee | Common Stock | Sell | Dispose S | No | Yes | 11.32 | 17,245 | 195.21 k | 493,467 |
15 Feb 24 | David Buonasera | Common Stock | Payment of exercise | Dispose F | No | No | 9.74 | 6,765 | 65.89 k | 283,874 |
15 Feb 24 | Sean Patrick Buckley | Common Stock | Payment of exercise | Dispose F | No | No | 9.74 | 24,110 | 234.83 k | 430,617 |
15 Feb 24 | Gephart Brian | Common Stock | Payment of exercise | Dispose F | No | No | 9.74 | 5,650 | 55.03 k | 139,339 |
News
Benchmark Reiterates Buy on Magnite, Maintains $18 Price Target
25 Mar 24
Magnite Announced Earlier: Mediaocean, Magnite Strike Exclusive Partnership To Automate Media Planning, Execution, And Reconciliation In Streaming TV
14 Mar 24
RBC Capital Reiterates Outperform on Magnite, Maintains $15 Price Target
7 Mar 24
'I Think You've Got An Interesting Stock Here': Cramer On This Advertising Company
4 Mar 24
Why Butterfly Network Shares Are Trading Lower By 22%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
29 Feb 24
Press releases
Collective Audience Is A Media Industry Game Changer; Its 47% February Rally Supports That Thesis ($CAUD)
15 Feb 24
Magnite to Announce Fourth Quarter 2023 Financial Results on February 28, 2024
24 Jan 24
Magnite Announces Intention to Refinance Existing Credit Facilities
22 Jan 24
Tennis Australia Taps Magnite for Programmatic Advertising and Implements Demand Manager
10 Jan 24