Published on 3 Jan 2024 on Simply Wall St. via Yahoo Finance
Magnite, Inc.'s (NASDAQ:MGNI) recent 6.4% pullback adds to one-year year losses, institutional...
Key Insights
Significantly high institutional ownership implies Magnite's stock price is sensitive to their trading actions51% of the business is held by the top 11 shareholdersUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
Every investor in Magnite, Inc. (NASDAQ:MGNI) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 78% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.