MARA Holdings, Inc. (NASDAQ:MARA) CFO Sells $261,856.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.68, for a total value of $261,856.00. Following the sale, the chief financial officer now owns 1,598,943 shares in the company, valued at approximately $25,071,426.24. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, May 9th, Salman Hassan Khan sold 33,400 shares of MARA stock. The shares were sold at an average price of $15.00, for a total value of $501,000.00.
• On Monday, March 3rd, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $15.31, for a total value of $255,677.00.

MARA Trading Down 0.8%

Shares of NASDAQ MARA opened at $16.19 on Wednesday. MARA Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The firm has a market cap of $5.70 billion, a PE ratio of 20.49 and a beta of 6.82. The business has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $17.16. 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 announced its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $234.19 million. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s quarterly revenue was up 29.5% on a year-over-year basis. Analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Compass Point reiterated a “sell” rating and set a $9.50 price objective (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.72.

Institutional Investors Weigh In On MARA

Several large investors have recently modified their holdings of the business. Intech Investment Management LLC boosted its stake in shares of MARA by 14.5% during the first quarter. Intech Investment Management LLC now owns 160,717 shares of the business services provider’s stock valued at $1,848,000 after purchasing an additional 20,413 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in MARA by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after buying an additional 63,903 shares during the period. United Services Automobile Association boosted its position in MARA by 8.2% during the 1st quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 1,569 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of MARA in the 1st quarter valued at $1,530,000. Finally, NewEdge Advisors LLC raised its position in shares of MARA by 65.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock worth $88,000 after acquiring an additional 3,032 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

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.