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

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $23.50, for a total value of $392,450.00.

MARA Price Performance

NASDAQ:MARA traded up $0.18 during trading hours 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. The firm has a market cap of $4.74 billion, a P/E ratio of 17.68 and a beta of 5.76. MARA Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $30.28. The business’s fifty day simple moving average is $17.41 and its two-hundred day simple moving average is $18.45. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

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

Analyst Ratings Changes

A number of brokerages recently commented on MARA. B. Riley increased their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Piper Sandler decreased their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday. Barclays decreased their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, MARA has an average rating of “Hold” and a consensus target price of $23.78.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management raised its stake in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares in the last quarter. United Services Automobile Association raised its stake in shares of MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after acquiring an additional 635 shares in the last quarter. Financial Advocates Investment Management raised its stake in shares of MARA by 5.2% during the third 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 in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% during the fourth 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 in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of MARA by 5.1% during the fourth 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 in the last quarter. 44.53% of the stock is currently owned by hedge funds and other 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.