MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $501,000.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 33,400 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,680,971 shares of the company's stock, valued at $25,214,565. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 Stock Up 2.6%

NASDAQ:MARA traded up $0.42 during trading hours on Tuesday, reaching $16.37. The company's stock had a trading volume of 48,298,645 shares, compared to its average volume of 45,084,916. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 20.72 and a beta of 6.82. MARA Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The business's 50-day moving average is $13.12 and its 200-day moving average is $17.22.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results 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 company had revenue of $213.88 million for the quarter, compared to the consensus estimate of $234.19 million. During the same quarter last year, the company posted $1.26 EPS. The business's revenue was up 29.5% compared to the same quarter last year. Equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Institutional Investors Weigh In On MARA

A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its position in shares of MARA by 7.2% in the first quarter. Northern Trust Corp now owns 3,529,782 shares of the business services provider's stock valued at $40,592,000 after purchasing an additional 236,251 shares during the period. Algert Global LLC grew its stake in MARA by 20.2% in the 1st quarter. Algert Global LLC now owns 279,474 shares of the business services provider's stock valued at $3,214,000 after buying an additional 46,872 shares during the last quarter. Cresset Asset Management LLC raised its holdings in MARA by 37.8% in the 1st quarter. Cresset Asset Management LLC now owns 63,847 shares of the business services provider's stock worth $734,000 after acquiring an additional 17,512 shares during the period. United Capital Management of KS Inc. lifted its position in MARA by 11.1% during the 1st quarter. United Capital Management of KS Inc. now owns 36,027 shares of the business services provider's stock worth $414,000 after acquiring an additional 3,600 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in MARA by 55.7% during the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider's stock worth $72,334,000 after acquiring an additional 2,250,082 shares during the last quarter. Institutional investors own 44.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MARA. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their target price on shares of MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, Barclays increased their price objective on MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, MARA currently has a consensus rating of "Hold" and a consensus target price of $20.72.

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.

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