MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,391,916 shares of the business services provider's stock after purchasing an additional 37,150 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of MARA worth $22,577,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Beaird Harris Wealth Management LLC boosted its stake in shares of MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after buying an additional 695 shares during the last quarter. Signaturefd LLC lifted its stake in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,273 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in MARA during the first quarter worth $105,000. Tobam grew its position in MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider's stock valued at $125,000 after buying an additional 4,880 shares during the period. Finally, GAMMA Investing LLC increased its holdings in MARA by 108.0% in the second quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider's stock valued at $136,000 after buying an additional 3,565 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

MARA Price Performance

Shares of MARA traded down $0.96 during trading hours on Thursday, hitting $20.74. 39,534,656 shares of the stock were exchanged, compared to its average volume of 54,098,523. The stock's 50-day moving average price is $17.09 and its two-hundred day moving average price is $18.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.75 and a current ratio of 3.75. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 25.99 and a beta of 5.52. MARA Holdings, Inc. has a 12-month low of $9.16 and a 12-month high of $34.09.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Macquarie initiated coverage on shares of MARA in a research note on Tuesday, September 24th. They set an "outperform" rating and a $22.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an "underweight" rating on the stock in a report on Friday, August 23rd. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 target price for the company. HC Wainwright reiterated a "buy" rating and set a $28.00 target price on shares of MARA in a research report on Wednesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.57.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the transaction, the chief executive officer now directly owns 4,250,804 shares of the company's stock, valued at approximately $74,389,070. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares of the company's stock, valued at approximately $74,389,070. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,417 shares of company stock valued at $1,524,546 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

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.