MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $330,660.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company's stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• On Monday, September 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $15.70, for a total value of $262,190.00.

MARA Price Performance

NASDAQ MARA traded up $2.77 during trading on Wednesday, reaching $22.63. 123,570,936 shares of the company traded hands, compared to its average volume of 54,844,676. 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 stock's 50 day moving average price is $17.66 and its two-hundred day moving average price is $18.67. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 28.65 and a beta of 5.52. MARA Holdings, Inc. has a 1-year low of $9.88 and a 1-year high of $34.09.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). The company 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%. The firm's revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, analysts anticipate that MARA Holdings, Inc. will post -0.72 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Macquarie raised their target price on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 price objective for the company. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price objective on MARA from $14.00 to $12.00 and set an "underweight" rating for the company in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $22.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC raised its position in shares of MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock valued at $29,000 after acquiring an additional 695 shares during the last quarter. Financial Advocates Investment Management boosted its stake in MARA by 5.2% in the 3rd 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. boosted its stake in MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock worth $269,000 after purchasing an additional 780 shares during the period. Ameritas Investment Partners Inc. boosted its stake in MARA by 4.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider's stock worth $505,000 after purchasing an additional 881 shares during the period. Finally, Larson Financial Group LLC boosted its stake in 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 purchasing an additional 1,062 shares during the period. Institutional investors own 44.53% of the company's stock.

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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