Marathon Digital (NASDAQ:MARA) CFO Sells $546,334.36 in Stock

Key Points

• Marathon Digital's CFO, Salman Hassan Khan, sold 34,732 shares of stock at an average price of $15.73, totaling approximately $546,334, marking an 8.95% reduction in their ownership.
• Marathon Digital's stock price fell 5.7% to $15.17, with a 12-month trading range between $9.81 and $30.28.
• The company reported a $1.84 EPS for the last quarter, beating analyst expectations significantly, and achieved a year-over-year revenue increase of 64.0%.

Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 34,732 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $15.73, for a total value of $546,334.36. Following the completion of the transaction, the chief financial officer owned 353,160 shares of the company's stock, valued at $5,555,206.80. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, July 15th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The shares were sold at an average price of $19.05, for a total value of $661,644.60.
• On Thursday, June 12th, Salman Hassan Khan sold 34,733 shares of Marathon Digital stock. The stock was sold at an average price of $15.85, for a total value of $550,518.05.

Marathon Digital Stock Down 5.7%

Shares of NASDAQ MARA traded down $0.92 on Tuesday, hitting $15.17. The company had a trading volume of 40,668,174 shares, compared to its average volume of 43,469,556. Marathon Digital Holdings, Inc. has a 12-month low of $9.81 and a 12-month high of $30.28. The business has a 50 day moving average of $16.57 and a two-hundred day moving average of $15.05. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $5.62 billion, a P/E ratio of 13.67 and a beta of 6.24.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $2.13. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The firm had revenue of $238.50 million during the quarter, compared to the consensus estimate of $212.25 million. During the same quarter in the prior year, the business posted ($0.72) earnings per share. Marathon Digital's revenue for the quarter was up 64.0% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MARA has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of Marathon Digital in a research note on Wednesday, July 30th. Macquarie increased their target price on Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Cantor Fitzgerald increased their target price on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Barclays increased their target price on shares of Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. raised Marathon Digital from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $19.00 to $22.00 in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.22.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in Marathon Digital in the fourth quarter valued at $27,000. Fifth Third Bancorp grew its position in Marathon Digital by 59.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider's stock worth $29,000 after purchasing an additional 683 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Marathon Digital by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,426 shares during the period. Estabrook Capital Management bought a new position in Marathon Digital in the 2nd quarter worth approximately $31,000. Finally, IFP Advisors Inc boosted its holdings in Marathon Digital by 375.4% in the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider's stock worth $40,000 after buying an additional 2,001 shares during the period. 44.53% of the stock is owned by institutional investors.

Marathon Digital 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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