Director Douglas Knopper files intent to sell $625K in shares
MGNI sits 73% above its 52-week low of $10.82 on elevated volume (2.5× avg).
Summary
Director Douglas Knopper filed a Form 144 to sell $625,394.75 worth of shares, adding to recent insider selling activity.
Key Events · Ownership and Investor Activity · MGNI
-
Intent to Sell Shares
Director Douglas Knopper filed a Form 144 to sell 37,337 shares of common stock, valued at approximately $625,394.75. The shares were acquired upon the vesting of restricted stock units.
-
Recent Insider Sales
This proposed sale follows Knopper's previous sales of 10,766 shares for $169,391.17 within the last three months.
-
Broader Insider Selling Context
This filing occurs concurrently with another Form 144 from Officer and Director Michael Barrett, who intends to sell $1.75 million in shares, indicating a broader trend of insider selling.
Analysis · MGNI · Technology
Director Douglas Knopper has filed a Form 144 indicating an intent to sell approximately $625,000 worth of common stock. This follows recent sales by Knopper and comes amidst other insider selling activity, suggesting a pattern of executives reducing their holdings.
At the time of this filing, MGNI was trading at $18.67 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $10.82 to $26.65. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.