Marathon Digital (NASDAQ:MARA) CFO Sells $147,360.00 in Stock

Key Points

• Marathon Digital CFO Salman Hassan Khan sold 16,000 shares at an average price of $9.21, generating $147,360. The Rule 10b5-1 transaction reduced his ownership by 4.07% to 377,066 shares.
• MARA shares traded at $9.65, while the company recently reported a significant quarterly loss of $1.60 per share, missed revenue expectations, and a 26.7% year-over-year revenue decline.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an $18.78 price target; institutional investors own 44.53% of the stock.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total transaction of $147,360.00. Following the completion of the transaction, the chief financial officer owned 377,066 shares of the company's stock, valued at approximately $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 17th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The shares were sold at an average price of $14.25, for a total transaction of $228,000.00.

Marathon Digital Stock Performance

MARA stock traded up $0.69 during midday trading on Wednesday, hitting $9.65. 66,733,477 shares of the stock traded hands, compared to its average volume of 45,716,527. Marathon Digital Holdings, Inc. has a 1-year low of $6.66 and a 1-year high of $23.45. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89. The stock's fifty day simple moving average is $12.21 and its 200-day simple moving average is $10.98. The firm has a market cap of $3.73 billion, a P/E ratio of -1.05 and a beta of 5.40.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($1.77). Marathon Digital had a negative return on equity of 26.05% and a negative net margin of 429.71%.The firm had revenue of $174.88 million for the quarter, compared to analysts' expectations of $209.44 million. During the same period in the previous year, the company earned $1.84 earnings per share. The company's revenue was down 26.7% compared to the same quarter last year. On average, analysts expect that Marathon Digital Holdings, Inc. will post -1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Marathon Digital in a research report on Friday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of Marathon Digital in a research note on Friday, August 7th. Morgan Stanley increased their target price on Marathon Digital from $5.50 to $6.00 and gave the company an "underweight" rating in a research report on Thursday, August 13th. BTIG Research reissued a "buy" rating and issued a $27.00 price target on shares of Marathon Digital in a research note on Monday, June 1st. Finally, Cantor Fitzgerald reduced their price objective on shares of Marathon Digital from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. CI Investments Inc. grew its holdings in shares of Marathon Digital by 7.6% during the first quarter. CI Investments Inc. now owns 13,520 shares of the business services provider's stock worth $110,000 after purchasing an additional 957 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Marathon Digital by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider's stock valued at $127,000 after purchasing an additional 991 shares during the last quarter. Evexia Wealth LLC boosted its position in shares of Marathon Digital by 9.2% in the 1st quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider's stock valued at $106,000 after purchasing an additional 1,090 shares during the period. Sigma Planning Corp boosted its position in shares of Marathon Digital by 12.4% in the 4th quarter. Sigma Planning Corp now owns 11,924 shares of the business services provider's stock valued at $107,000 after purchasing an additional 1,320 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Marathon Digital by 38.6% during the 2nd quarter. Osaic Holdings Inc. now owns 4,816 shares of the business services provider's stock worth $76,000 after buying an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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