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 company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 18th, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00.
• On Wednesday, October 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00.

MARA Stock Down 12.2 %

Shares of MARA traded down $2.99 during trading hours on Wednesday, reaching $21.61. The company’s stock had a trading volume of 53,750,691 shares, compared to its average volume of 56,857,094. 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 firm has a market cap of $6.95 billion, a price-to-earnings ratio of 27.35 and a beta of 5.63. The company has a 50 day moving average of $21.09 and a two-hundred day moving average of $19.32. MARA Holdings, Inc. has a 1-year low of $13.16 and a 1-year high of $34.09.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period last year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on MARA. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays started coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Piper Sandler assumed coverage on MARA in a research report on Tuesday. They issued an “overweight” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in MARA in the second quarter worth approximately $1,890,000. Nisa Investment Advisors LLC increased its stake in shares of MARA by 56.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 57,931 shares of the business services provider’s stock worth $1,150,000 after purchasing an additional 20,861 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of MARA during the 2nd quarter valued at $2,725,000. Bank of New York Mellon Corp lifted its stake in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in MARA in the second quarter worth $198,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.