MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $392,450.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Salman Hassan Khan also recently made the following trade(s):

• On Monday, November 18th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00.
• On Wednesday, October 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $17.50, for a total value of $292,250.00.

MARA Stock Down 5.7 %

MARA stock opened at $20.37 on Friday. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm’s fifty day moving average is $21.32 and its 200 day moving average is $19.35. The firm has a market cap of $6.56 billion, a PE ratio of 25.78 and a beta of 5.63.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue was up 34.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) earnings per share. On average, research analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Wall Street Analyst Weigh In

MARA has been the topic of a number of research reports. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, MARA has an average rating of “Hold” and a consensus target price of $25.80.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently made changes to their positions in MARA. Geode Capital Management LLC grew its stake in MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares during the period. Dimensional Fund Advisors LP lifted its stake in MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after buying an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of MARA by 186.6% during the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after acquiring an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

About MARA

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.