MARA (NASDAQ:MARA) Shares Down 0.2% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 0.2% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $15.56 and last traded at $15.75. Approximately 8,194,115 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 33,645,934 shares. The stock had previously closed at $15.78.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Finally, B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.67.

MARA Trading Down 8.1 %

The business has a 50 day moving average price of $18.42 and a 200-day moving average price of $18.53. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Beacon Capital Management LLC acquired a new stake in shares of MARA during the 4th quarter worth $26,000. Truvestments Capital LLC acquired a new stake in shares of MARA during the 3rd quarter worth $26,000. Sterling Capital Management LLC grew its holdings in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.