MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by SRN Advisors LLC

SRN Advisors LLC reduced its stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 56.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,210 shares of the business services provider's stock after selling 78,000 shares during the quarter. SRN Advisors LLC's holdings in MARA were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC purchased a new stake in shares of MARA in the fourth quarter valued at $26,000. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter valued at $26,000. Larson Financial Group LLC lifted its position in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Spire Wealth Management lifted its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,215 shares of company stock worth $2,033,766. 0.80% of the stock is currently owned by corporate insiders.

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MARA Trading Up 6.0 %

Shares of MARA stock traded up $0.79 during trading hours on Friday, reaching $13.92. The stock had a trading volume of 63,279,563 shares, compared to its average volume of 37,039,633. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 1 year low of $12.05 and a 1 year high of $30.71. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.62 and a beta of 5.76. The firm has a 50 day simple moving average of $17.52 and a two-hundred day simple moving average of $18.44.

MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MARA shares. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Thursday. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an "equal weight" rating and a $27.00 target price on the stock. Finally, Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, MARA presently has a consensus rating of "Hold" and an average target price of $25.67.

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.