Insider Selling: Marathon Digital (NASDAQ:MARA) CFO Sells $122,560.00 in Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARAGet Free Report) CFO Salman Hassan Khan sold 16,000 shares of Marathon Digital stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $7.66, for a total value of $122,560.00. Following the sale, the chief financial officer owned 359,165 shares of the company’s stock, valued at approximately $2,751,203.90. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, December 15th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The shares were sold at an average price of $11.48, for a total transaction of $398,723.36.

Marathon Digital Price Performance

NASDAQ MARA opened at $7.97 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $3.01 billion, a PE ratio of 4.43 and a beta of 5.56. Marathon Digital Holdings, Inc. has a 12-month low of $6.66 and a 12-month high of $23.45. The company has a 50 day moving average price of $9.51 and a two-hundred day moving average price of $13.73.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MARA shares. Compass Point upgraded Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, November 24th. Cantor Fitzgerald lowered their price objective on Marathon Digital from $30.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Piper Sandler reduced their target price on Marathon Digital from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their target price on Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Finally, Weiss Ratings upgraded Marathon Digital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Marathon Digital has a consensus rating of “Moderate Buy” and an average target price of $21.00.

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Marathon Digital News Summary

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bessemer Group Inc. grew its stake in shares of Marathon Digital by 56.8% in the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after acquiring an additional 659 shares during the last quarter. Archer Investment Corp boosted its holdings in Marathon Digital by 10.9% in the 2nd quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 750 shares during the period. Smartleaf Asset Management LLC grew its position in Marathon Digital by 15.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 5,812 shares of the business services provider’s stock worth $108,000 after purchasing an additional 799 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Marathon Digital by 3.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,389 shares of the business services provider’s stock worth $537,000 after purchasing an additional 882 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Marathon Digital by 2.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 35,443 shares of the business services provider’s stock worth $556,000 after purchasing an additional 934 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About Marathon Digital

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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.

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Insider Buying and Selling by Quarter for Marathon Digital (NASDAQ:MARA)

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