MARA (NASDAQ:MARA) Shares Down 0.2% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 0.2% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $21.13 and last traded at $21.57. Approximately 15,690,994 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 56,683,047 shares. The stock had previously closed at $21.61.

Specifically, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.80.

MARA Trading Down 5.7 %

The company has a 50 day moving average of $21.22 and a 200 day moving average of $19.34. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 25.78 and a beta of 5.63. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s revenue was up 34.4% compared to the same quarter last year. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Institutional Trading of MARA

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the period. Bank of New York Mellon Corp boosted its position in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after purchasing an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.