Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells 27,505 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MARA Trading Down 8.1 %

MARA stock traded down $1.29 during trading hours on Friday, reaching $14.66. The company had a trading volume of 33,651,214 shares, compared to its average volume of 33,967,309. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09. The company has a 50-day moving average price of $18.58 and a 200 day moving average price of $18.55. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in MARA in the 3rd quarter worth $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA in the fourth quarter worth about $26,000. Larson Financial Group LLC increased its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Sterling Capital Management LLC raised its position in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd raised its position in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and increased their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, MARA presently has an average rating of "Hold" and an average target price of $25.67.

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.