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

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were sold at an average price of $19.80, for a total value of $330,660.00.
• On Wednesday, October 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $17.50, for a total value of $292,250.00.

MARA Stock Down 12.2 %

Shares of NASDAQ:MARA opened at $21.61 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 27.35 and a beta of 5.63. The company has a 50 day moving average of $21.22 and a 200-day moving average of $19.34. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same period last year, the company earned ($0.05) EPS. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Institutional Trading of MARA

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC grew its holdings in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC increased its position in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in MARA during the 3rd quarter worth $50,000. Finally, Tobam lifted its holdings in MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MARA has been the topic of a number of research analyst reports. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Piper Sandler initiated coverage on shares of MARA in a research report on Tuesday. They set an “overweight” rating and a $34.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.50.

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.