Salman Hassan Khan Sells 34,732 Shares of Marathon Digital (NASDAQ:MARA) Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 34,732 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $11.48, for a total value of $398,723.36. Following the sale, the chief financial officer owned 248,566 shares in the company, valued at approximately $2,853,537.68. The trade was a 12.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 17th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The shares were sold at an average price of $11.99, for a total value of $416,436.68.
• On Wednesday, October 15th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The shares were sold at an average price of $22.74, for a total value of $789,805.68.

Marathon Digital Price Performance

MARA stock opened at $9.69 on Friday. The firm has a 50 day moving average of $14.81 and a 200-day moving average of $16.04. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. Marathon Digital Holdings, Inc. has a 12 month low of $9.61 and a 12 month high of $23.45. The firm has a market capitalization of $3.66 billion, a P/E ratio of 5.38 and a beta of 5.42.

Marathon Digital (NASDAQ:MARA) last posted its earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%.The firm had revenue of $252.41 million for the quarter, compared to the consensus estimate of $254.58 million. As a group, sell-side analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marathon Digital

Institutional investors have recently modified their holdings of the company. Hollencrest Capital Management lifted its position in Marathon Digital by 2,407.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider’s stock worth $25,000 after buying an additional 1,300 shares during the last quarter. Bessemer Group Inc. grew its position in Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 659 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Marathon Digital by 59.9% during the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock worth $29,000 after acquiring an additional 683 shares in the last quarter. Estabrook Capital Management bought a new stake in shares of Marathon Digital in the 2nd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Marathon Digital in the 3rd quarter valued at $47,000. 44.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MARA has been the topic of a number of recent analyst reports. Macquarie increased their price objective on Marathon Digital from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Guggenheim began coverage on Marathon Digital in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Compass Point raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marathon Digital in a research note on Monday. Finally, Rosenblatt Securities dropped their target price on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.56.

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.