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 business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00.
• On Monday, September 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $15.70, for a total value of $262,190.00.

MARA Trading Up 13.9 %

MARA opened at $22.63 on Thursday. MARA Holdings, Inc. has a twelve month low of $9.88 and a twelve month high of $34.09. The firm has a market cap of $7.28 billion, a PE ratio of 28.65 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm’s fifty day moving average is $17.66 and its two-hundred day moving average is $18.67.

MARA (NASDAQ:MARA) last posted its earnings results 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 negative return on equity of 8.40% and a net margin of 27.48%. The business 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 company posted ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. Equities research analysts anticipate that MARA Holdings, Inc. will post -0.72 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday. Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.57.

Institutional Investors Weigh In On MARA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky boosted its position in MARA by 4.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 3,200 shares during the last quarter. Geode Capital Management LLC grew its stake in MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the last quarter. M&T Bank Corp increased its stake in shares of MARA by 14.1% during the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock worth $317,000 after purchasing an additional 2,418 shares during the period. Y Intercept Hong Kong Ltd bought a new position in MARA during the 3rd quarter worth $1,072,000. Finally, Vienna Asset Management LLC acquired a new stake in MARA in the 3rd quarter worth about $291,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.