Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $646,367.50 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MARA Stock Down 2.0 %

Shares of NASDAQ MARA opened at $19.96 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $21.40 and a 200 day moving average price of $19.35. MARA Holdings, Inc. has a 52 week low of $13.16 and a 52 week high of $34.09. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 25.27 and a beta of 5.63.

MARA (NASDAQ:MARA) last announced its quarterly earnings results 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 firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the firm earned ($0.05) EPS. MARA’s revenue was up 34.4% compared to the same quarter last year. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MARA shares. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday. They set an “overweight” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.80.

Institutional Trading of MARA

A number of institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management raised its stake in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. increased its holdings in MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 780 shares in the last quarter. Larson Financial Group LLC increased its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.