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Magnite's CFO sold a significant portion of his shares despite the company reporting strong quarterly earnings.
Magnite, Inc.'s CFO, David Day, has sold a total of 109,000 shares over several transactions, reducing his ownership by about 7.4%.
Magnite reported a strong quarter with EPS of $0.12, exceeding forecasts, and a 4.3% revenue increase to $145.85 million.
The company's stock has a market cap of $2.98 billion and a PE ratio of 105.51.
Analysts predict EPS of $0.33 for the year, with a "Moderate Buy" rating and a target price of $19.58.
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El CFO de Magnite vendió una porción significativa de sus acciones a pesar de que la compañía reportó fuertes ganancias trimestrales.