Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells 27,505 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

MARA Stock Performance

Shares of NASDAQ:MARA opened at $22.63 on Thursday. The firm has a fifty day simple moving average of $17.66 and a two-hundred day simple moving average of $18.67. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.28 billion, a P/E ratio of 28.65 and a beta of 5.52. MARA Holdings, Inc. has a 52 week low of $9.88 and a 52 week high of $34.09.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) earnings per share. On average, analysts expect that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of MARA. Beaird Harris Wealth Management LLC increased its position in MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 695 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of MARA during the 3rd quarter worth about $26,000. Larson Financial Group LLC grew its holdings in MARA by 124.2% during the 3rd 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 during the last quarter. Signaturefd LLC raised its position in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in MARA in the third quarter worth about $50,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MARA. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.57.

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.