Salman Hassan Khan Sells 34,733 Shares of MARA Holdings, Inc. (NASDAQ:MARA) Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 34,733 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $15.85, for a total value of $550,518.05. Following the transaction, the chief financial officer now directly owns 1,413,298 shares in the company, valued at $22,400,773.30. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, May 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $15.68, for a total value of $261,856.00.
• 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.

MARA Price Performance

MARA stock traded up $0.28 during trading hours on Monday, hitting $15.32. 38,746,300 shares of the stock traded hands, compared to its average volume of 45,130,018. 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 one year low of $9.81 and a one year high of $30.28. The company has a market cap of $5.39 billion, a P/E ratio of 19.39 and a beta of 6.61. The stock has a 50-day simple moving average of $14.51 and a 200 day simple moving average of $16.20.

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 for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $213.88 million during the quarter, compared to analyst estimates of $234.19 million. During the same quarter last year, the business earned $1.26 EPS. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. Equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Beacon Capital Management LLC acquired a new position in shares of MARA in the 4th quarter valued at $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 boosted its position 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. Brown Brothers Harriman & Co. acquired a new position in shares of MARA in the 4th quarter valued at $50,000. Finally, Blue Trust Inc. boosted its position in shares of MARA by 415.6% in the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock valued at $56,000 after purchasing an additional 2,693 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on MARA from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday. Rosenblatt Securities raised their target price on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. HC Wainwright reaffirmed a "buy" rating and set a $28.00 target price on shares of MARA in a research note on Thursday, April 24th. Finally, Barclays raised their target price on MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, MARA has a consensus rating of "Hold" and an average target price of $20.94.

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.