MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan Sells 16,700 Shares

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 18th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00.
• 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.

MARA Stock Down 2.0 %

MARA opened at $19.96 on Friday. The firm has a market cap of $6.42 billion, a P/E ratio of 25.27 and a beta of 5.63. The business’s fifty day simple moving average is $21.40 and its 200 day simple moving average is $19.35. MARA Holdings, Inc. has a 52 week low of $13.16 and a 52 week high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) earnings per share. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.80.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of MARA. Geode Capital Management LLC lifted its stake in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares during the period. Dimensional Fund Advisors LP increased its stake in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares during the period. Bank of New York Mellon Corp boosted its stake in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

About MARA

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.