MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan Sells 16,700 Shares

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, December 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $23.50, for a total value of $392,450.00.

MARA Trading Up 1.3 %

Shares of MARA stock traded up $0.18 on Tuesday, hitting $13.97. 59,428,051 shares of the company’s stock traded hands, compared to its average volume of 38,371,953. MARA Holdings, Inc. has a one year low of $12.05 and a one year high of $30.28. 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 fifty day moving average of $17.41 and a two-hundred day moving average of $18.45. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 17.68 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MARA. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. Piper Sandler lowered their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares in the last quarter. Weiss Asset Management LP bought a new position in MARA in the third quarter worth approximately $1,557,000. Intech Investment Management LLC bought a new position in MARA in the third quarter worth approximately $1,107,000. Finally, Public Sector Pension Investment Board boosted its holdings in MARA by 4.0% in the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after acquiring an additional 24,300 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

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.