MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $550,518.05 in Stock

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

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 stock was sold at an average price of $15.68, for a total transaction 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 transaction of $501,000.00.

MARA Stock Performance

Shares of NASDAQ:MARA traded down $0.78 during trading on Friday, hitting $15.04. The company's stock had a trading volume of 54,879,646 shares, compared to its average volume of 45,153,774. The company has a 50-day moving average of $14.42 and a 200-day moving average of $16.36. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. 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 firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share 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 business had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. During the same quarter last year, the company earned $1.26 EPS. MARA's revenue for the quarter was up 29.5% on a year-over-year basis. On average, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MARA. Rosenblatt Securities increased their price objective on shares of MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Piper Sandler cut their price objective on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Barclays upped their target price on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, HC Wainwright restated a "buy" rating and set a $28.00 target price on shares of MARA in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, MARA currently has an average rating of "Hold" and a consensus target price of $20.94.

Hedge Funds Weigh In On MARA

Several institutional investors have recently made changes to their positions in MARA. Beacon Capital Management LLC purchased a new stake in MARA in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new stake in MARA in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC increased its holdings in MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in MARA in the 4th quarter worth approximately $50,000. Finally, Blue Trust Inc. increased its holdings in MARA by 415.6% in the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock worth $56,000 after acquiring an additional 2,693 shares in the last quarter. Institutional investors 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.