Magnite, Inc. director sells $241,600 in stock

Magnite, Inc. (NASDAQ: MGNI) director Rachel Lam sold 10,000 shares of the company on August 10th at an average price of $24.16, totaling approximately $241,600. Following this transaction, Lam retains 230,620 shares.

In recent financial reporting, Magnite exceeded analyst expectations for its quarterly earnings, posting $0.26 earnings per share against a consensus estimate of $0.24. The company reported quarterly revenue of $192.82 million, representing an 11.3% increase year-over-year.

Additionally, Magnite participated in the Bank of America SMID Cap Virtual Conference on August 11th, where company representatives presented to investors during the small and mid-cap strategy event.