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 Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

MARA Trading Down 1.8 %

Shares of MARA traded down $0.35 during mid-day trading on Tuesday, hitting $19.56. 55,110,820 shares of the company’s stock traded hands, compared to its average volume of 41,610,121. The business’s 50-day moving average price is $21.41 and its 200-day moving average price is $19.09. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The firm has a market capitalization of $6.29 billion, a P/E ratio of 24.76 and a beta of 5.76. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million during 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 firm’s revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of 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. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Finally, Cantor Fitzgerald initiated coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Principal Financial Group Inc. grew its position in MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC increased its stake in MARA by 12.7% during the 2nd quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after purchasing an additional 149,805 shares in the last quarter. 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.