Insider Selling: MARA (NASDAQ:MARA) CEO Sells $186,758.95 in Stock

MARA Holdings (NASDAQ:MARA) CEO Frederick Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $6.79, for a total value of $186,758.95. Following the completion of the transaction, the chief executive officer owned 4,149,585 shares of the company’s stock, valued at approximately $28,175,682.15. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MARA Stock Performance

MARA opened at $5.88 on Friday. The firm’s 50 day moving average is $9.99 and its 200-day moving average is $10.70. MARA Holdings has a 52-week low of $5.69 and a 52-week high of $17.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

MARA (NASDAQ:MARA) last announced its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). The firm had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $209.44 million. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. MARA’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 earnings per share. On average, equities research analysts predict that MARA Holdings will post -1.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. CI Investments Inc. lifted its holdings in MARA by 7.6% during the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock worth $110,000 after buying an additional 957 shares during the last quarter. Greenleaf Trust grew its position in shares of MARA by 9.9% in the 2nd quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock worth $165,000 after acquiring an additional 1,076 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of MARA by 58.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,475 shares in the last quarter. Sigma Planning Corp grew its position in shares of MARA by 12.5% in the 1st quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock worth $109,000 after acquiring an additional 1,485 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of MARA by 14.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock worth $171,000 after acquiring an additional 1,598 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Key MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: FERC approved MARA’s acquisition of Long Ridge Energy & Power, clearing a key regulatory condition for the deal, which is expected to close in the coming weeks. The plant adds 505 MW of generation capacity and acreage for a potential digital-infrastructure campus, supporting MARA’s AI and high-performance computing ambitions. FERC authorizes Long Ridge acquisition
• Neutral Sentiment: MARA transferred 1,650 BTC, valued in reports at about $132.8 million, to institutional platforms including Galaxy Digital and Copper. The move may relate to treasury or financing plans; the reports do not establish that the Bitcoin was sold. MARA transfers 1,650 BTC
• Negative Sentiment: The Long Ridge purchase is a major, approximately $1.51 billion commitment within a broader investment of more than $2 billion in power assets and data-center land. Reports say MARA plans to use debt and a Bitcoin-backed loan to help fund the buildout, raising questions about leverage and execution as it shifts beyond mining. MARA’s power-plant approval and financing plans
• Negative Sentiment: Recent reported results provide a weak backdrop: MARA missed earnings and revenue expectations, with revenue down year over year. Bitcoin-market sentiment may also be a headwind: a CoinShares report said hedge funds cut Bitcoin ETF exposure in Q2, although some larger investors increased exposure overall. Wall Street’s Bitcoin ETF exposure in Q2

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley set a $10.00 target price on MARA and gave the stock an “underweight” rating in a research report on Friday, October 9th. Piper Sandler reissued an “overweight” rating and issued a $11.00 price target (down from $13.00) on shares of MARA in a report on Tuesday, October 20th. HC Wainwright assumed coverage on MARA in a report on Friday, September 11th. They issued a “buy” rating and a $20.00 price target for the company. Cantor Fitzgerald lowered their price objective on MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. downgraded MARA from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.78.

About MARA

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset mining and energy infrastructure company. Its primary business is securing the Bitcoin network by operating specialized computing equipment that validates transactions and earns Bitcoin rewards.

The company develops and operates data centers and digital asset computing infrastructure, while also pursuing strategies to access low-cost and surplus energy. MARA has expanded its operations through a combination of owned facilities, hosting arrangements and acquisitions, with activities spanning North America and other international markets.

The company was founded in 2010 as Marathon Patent Group and later shifted its focus toward cryptocurrency mining before adopting the Marathon Digital name.