MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $330,660.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, October 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00.
• On Monday, September 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00.

MARA Trading Up 6.0 %

Shares of MARA opened at $23.98 on Friday. MARA Holdings, Inc. has a 1-year low of $9.88 and a 1-year high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $17.66 and its 200-day moving average price is $18.67. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 30.35 and a beta of 5.52.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the firm earned ($0.05) EPS. The company’s revenue was up 34.4% on a year-over-year basis. Sell-side analysts anticipate that MARA Holdings, Inc. will post -0.72 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on MARA. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $25.00 in a research report on Thursday. Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.88.

Institutional Investors Weigh In On MARA

Several hedge funds have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC boosted its stake in MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after acquiring an additional 695 shares in the last quarter. Financial Advocates Investment Management boosted its stake in MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after acquiring an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. boosted its stake in MARA by 6.1% during the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after acquiring an additional 780 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of MARA by 4.1% in the first quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after buying an additional 881 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 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.