MARA (NASDAQ:MARA) Trading Down 1.4% on Insider Selling

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 1.4% during mid-day trading on Friday following insider selling activity. The stock traded as low as $15.55 and last traded at $15.72. 11,635,031 shares changed hands during trading, a decline of 65% from the average session volume of 33,351,480 shares. The stock had previously closed at $15.95.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

MARA has been the topic of several analyst reports. Piper Sandler started coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note 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, Barclays assumed coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, MARA has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

The firm’s 50-day moving average is $18.58 and its two-hundred day moving average is $18.55. The stock has a market cap of $5.36 billion, a P/E ratio of 19.94 and a beta of 5.76. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

Institutional Trading of MARA

Several large investors have recently modified their holdings of MARA. Truvestments Capital LLC bought a new position in MARA during the third quarter valued at about $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA during the 4th quarter valued at about $26,000. Larson Financial Group LLC boosted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,426 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

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.