Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Sells $292,250.00 in Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares in the company, valued at $36,351,560. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 16th, Salman Hassan Khan sold 16,700 shares of Marathon Digital stock. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00.

Marathon Digital Price Performance

Marathon Digital stock opened at $18.88 on Monday. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 8.78 and a beta of 5.50. The stock’s 50 day moving average is $16.20 and its 200-day moving average is $18.34. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13. Marathon Digital Holdings, Inc. has a 12 month low of $7.63 and a 12 month high of $34.09.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.49). Marathon Digital had a net margin of 62.57% and a negative return on equity of 5.15%. The firm had revenue of $145.14 million during the quarter, compared to analyst estimates of $157.86 million. During the same period in the prior year, the company earned ($0.13) earnings per share. The business’s quarterly revenue was up 77.5% compared to the same quarter last year. Equities research analysts expect that Marathon Digital Holdings, Inc. will post -1.06 EPS for the current year.

Institutional Trading of Marathon Digital

Several hedge funds and other institutional investors have recently bought and sold shares of MARA. Beaird Harris Wealth Management LLC increased its holdings in shares of Marathon Digital 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 purchasing an additional 695 shares during the period. FinTrust Capital Advisors LLC bought a new position in Marathon Digital during the 1st quarter worth $90,000. DekaBank Deutsche Girozentrale acquired a new position in Marathon Digital in the 1st quarter valued at $105,000. GAMMA Investing LLC lifted its position in shares of Marathon Digital by 108.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 3,565 shares during the period. Finally, Tobam grew its holdings in shares of Marathon Digital by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Macquarie started coverage on shares of Marathon Digital in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price target for the company. HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Cantor Fitzgerald began coverage on Marathon Digital in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, B. Riley boosted their target price on Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.79.

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.