Zabi Nowaid Sells 7,000 Shares of Marathon Digital (NASDAQ:MARA) Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) General Counsel Zabi Nowaid sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total value of $99,750.00. Following the sale, the general counsel owned 963,768 shares of the company’s stock, valued at approximately $13,733,694. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zabi Nowaid also recently made the following trade(s):

• On Monday, May 18th, Zabi Nowaid sold 8,250 shares of Marathon Digital stock. The shares were sold at an average price of $12.00, for a total value of $99,000.00.
• On Friday, April 17th, Zabi Nowaid sold 42,090 shares of Marathon Digital stock. The stock was sold at an average price of $12.00, for a total value of $505,080.00.

Marathon Digital Stock Down 1.0%

MARA opened at $14.70 on Wednesday. The firm has a market cap of $5.60 billion, a P/E ratio of -2.57 and a beta of 5.38. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.84 and a current ratio of 1.84. The business has a 50 day moving average price of $12.93 and a 200 day moving average price of $10.64. Marathon Digital Holdings, Inc. has a twelve month low of $6.66 and a twelve month high of $23.45.

Hedge Funds Weigh In On Marathon Digital

Several large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its position in Marathon Digital by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after purchasing an additional 991 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Marathon Digital by 65.3% during the first quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after buying an additional 3,032 shares during the last quarter. United Services Automobile Association raised its position in shares of Marathon Digital by 8.2% during the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock valued at $257,000 after buying an additional 1,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Marathon Digital by 11.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock valued at $7,398,000 after buying an additional 63,903 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Marathon Digital during the second quarter worth about $183,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MARA shares. HC Wainwright reaffirmed a “neutral” rating on shares of Marathon Digital in a report on Friday, February 27th. Rosenblatt Securities lifted their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 1st. BTIG Research reissued a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a research report on Monday, June 1st. Morgan Stanley lowered their price target on Marathon Digital from $8.50 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 19th. Finally, Cantor Fitzgerald dropped their price objective on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.38.

Trending Headlines about Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA and other Bitcoin miners were highlighted after flashing “golden crosses,” a bullish technical signal that may suggest improving momentum for the stock if crypto sentiment stabilizes. Bitcoin Has Been Cut In Half, But MARA And HIVE Just Flashed Golden Crosses
• Positive Sentiment: Broader market strength in chipmakers and AI infrastructure stocks may be helping risk appetite for high-beta names like Marathon Digital. Stocks Supported by Strength in Chipmakers and AI-Infrastructure Stocks
• Neutral Sentiment: Recent commentary compared MARA’s long-term Bitcoin-mining strategy with Strategy’s balance-sheet Bitcoin bet, reinforcing that MARA remains a leveraged way to play Bitcoin rather than a fundamentally defensive stock. If You Had Invested $1,000 in MARA or Strategy a Decade Ago
• Negative Sentiment: CEO Frederick G. Thiel sold 27,505 shares and General Counsel Zabi Nowaid sold 7,000 shares, adding to investor concern about insider selling at recent prices. Marathon Digital (NASDAQ:MARA) General Counsel Zabi Nowaid Sells 7,000 Shares
• Negative Sentiment: Analysts remain mixed overall, with a consensus rating of “Hold” and a recent price-target cut from Morgan Stanley, which may limit enthusiasm for the shares. Marathon Digital Holdings, Inc. (NASDAQ:MARA) Insider Trades

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.