MARA (NASDAQ:MARA) Shares Down 2.6% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was down 2.6% on Wednesday after an insider sold shares in the company. The stock traded as low as $15.77 and last traded at $15.95. Approximately 15,387,042 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 44,971,401 shares. The stock had previously closed at $16.37.

Specifically, CFO Salman Hassan Khan sold 33,400 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the completion of the sale, the chief financial officer now owns 1,680,971 shares of the company's stock, valued at $25,214,565. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the sale, the director now owns 176,859 shares of the company's stock, valued at approximately $2,829,744. This trade represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other MARA news, CEO Frederick G. Thiel sold 55,010 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the sale, the chief executive officer now owns 4,146,804 shares of the company's stock, valued at approximately $62,202,060. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. Barclays boosted their price target on MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Compass Point restated a "sell" rating and issued a $9.50 price objective (down from $25.00) on shares of MARA in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.72.

MARA Stock Performance

The firm has a fifty day moving average of $13.12 and a 200 day moving average of $17.22. 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 stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 20.31 and a beta of 6.82.

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

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently modified their holdings of MARA. Vanguard Group Inc. grew its holdings in MARA by 2.7% in the first quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider's stock valued at $457,832,000 after purchasing an additional 1,028,512 shares during the period. Geode Capital Management LLC lifted its position in shares of MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock valued at $128,755,000 after buying an additional 518,503 shares in the last quarter. American Century Companies Inc. grew its stake in MARA by 55.7% in the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider's stock valued at $72,334,000 after acquiring an additional 2,250,082 shares during the period. Northern Trust Corp increased its holdings in MARA by 7.2% in the 1st quarter. Northern Trust Corp now owns 3,529,782 shares of the business services provider's stock worth $40,592,000 after acquiring an additional 236,251 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in MARA by 9.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,322,618 shares of the business services provider's stock worth $38,210,000 after acquiring an additional 294,161 shares during the period. Hedge funds and other 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.

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