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 firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 Stock Performance

Shares of MARA stock opened at $15.09 on Friday. The business’s fifty day simple moving average is $17.18 and its 200 day simple moving average is $18.41. The firm has a market capitalization of $5.12 billion, a P/E ratio of 19.10 and a beta of 5.76. MARA Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $30.28. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for 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%. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Analysts Set New Price Targets

MARA has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.78.

Institutional Trading of MARA

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after buying an additional 2,706,271 shares during the period. Geode Capital Management LLC raised its stake in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after buying an additional 518,503 shares during the period. American Century Companies Inc. raised its stake in shares of MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after buying an additional 1,240,354 shares during the period. Northern Trust Corp raised its stake in shares of MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after buying an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares during the period. 44.53% of the stock is currently owned by 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.