Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells 16,700 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

MARA Stock Performance

NASDAQ MARA traded down $2.99 on Wednesday, hitting $21.61. The stock had a trading volume of 53,750,691 shares, compared to its average volume of 56,857,094. The company's 50-day moving average is $21.09 and its two-hundred day moving average is $19.32. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 27.35 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business's quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Financial Advocates Investment Management lifted its holdings in MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock worth $230,000 after purchasing an additional 700 shares during the period. Ranch Capital Advisors Inc. raised its position in shares of MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock worth $269,000 after buying an additional 780 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,062 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider's stock worth $306,000 after acquiring an additional 1,170 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after acquiring an additional 1,273 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MARA. Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price objective for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Wednesday, November 13th. Compass Point lowered shares of MARA from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays began coverage on MARA in a research note on Monday, November 25th. They set an "equal weight" rating and a $27.00 target price for the company. Finally, Piper Sandler assumed coverage on shares of MARA in a research report on Tuesday. They set an "overweight" rating and a $34.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $25.50.

MARA Company Profile

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.

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