Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) Director Sells 1,000 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $24.06, for a total value of $24,060.00. Following the transaction, the director now directly owns 139,756 shares in the company, valued at $3,362,529.36. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

MARA Price Performance

Shares of NASDAQ:MARA opened at $20.79 on Friday. MARA Holdings, Inc. has a 12 month low of $9.16 and a 12 month high of $34.09. The stock has a market capitalization of $6.69 billion, a PE ratio of 26.32 and a beta of 5.52. The company has a current ratio of 4.00, a quick ratio of 3.75 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $17.23 and a 200-day moving average of $18.56.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MARA. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday. Finally, Macquarie started coverage on MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 695 shares in the last quarter. Truvestments Capital LLC bought a new stake in MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC increased its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC raised its position in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in MARA during the 3rd quarter worth about $50,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.