MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $458,783.40 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the firm’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 of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

MARA Stock Performance

MARA stock opened at $15.95 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a 50 day moving average price of $18.58 and a 200 day moving average price of $18.55. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The stock has a market capitalization of $5.41 billion, a PE ratio of 20.19 and a beta of 5.76.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Spire Wealth Management raised its position in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the last quarter. United Services Automobile Association raised its position in MARA by 3.4% in the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after purchasing an additional 635 shares during the last quarter. Financial Advocates Investment Management grew its holdings in MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after acquiring an additional 700 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in MARA by 79.3% during 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 acquiring an additional 860 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in MARA by 5.1% during the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after acquiring an additional 878 shares during the period. Institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MARA. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Finally, Macquarie lifted 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, MARA has an average rating of “Hold” and an average price target of $25.67.

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.