Magnite Insiders Sell Shares After Connected TV Growth Report
David Buonasera, Magnite’s CTO, sold 7,649 shares of common stock on Aug. 6 at $24.32 (Form 4), as part of five insiders selling the same day totaling about $6.34M. Magnite has a $3.5B market cap and $742M in trailing-twelve-month revenue. The timing followed strong connected TV results: contribution ex‑TAC rose 36% to $97M and now exceeds half of revenue, lifting adjusted EBITDA 30%.