MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $261,856.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.68, for a total transaction of $261,856.00. Following the transaction, the chief financial officer now owns 1,598,943 shares of the company's stock, valued at approximately $25,071,426.24. This represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, May 9th, Salman Hassan Khan sold 33,400 shares of MARA stock. The shares were sold at an average price of $15.00, for a total value of $501,000.00.
• On Monday, March 3rd, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $15.31, for a total value of $255,677.00.

MARA Trading Down 0.8%

NASDAQ:MARA traded down $0.13 during trading hours on Tuesday, hitting $16.19. 34,018,179 shares of the stock were exchanged, compared to its average volume of 44,839,739. The company's 50 day moving average is $13.36 and its two-hundred day moving average is $17.16. MARA Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.70 billion, a P/E ratio of 20.49 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. During the same period in the prior year, the company posted $1.26 EPS. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on MARA. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Barclays boosted their target price on MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Compass Point reissued a "sell" rating and issued a $9.50 target price (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. HC Wainwright reissued a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.72.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Beacon Capital Management LLC acquired a new position in MARA during the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter valued at $27,000. Sterling Capital Management LLC lifted its stake in shares of MARA by 358.3% in 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 period. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of MARA by 79.3% in 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 period. Finally, Spire Wealth Management lifted its stake in shares of MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares during the period. Institutional investors and hedge funds 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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