SRN Advisors LLC Sells 78,000 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

SRN Advisors LLC reduced its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 56.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,210 shares of the business services provider’s stock after selling 78,000 shares during the quarter. SRN Advisors LLC’s holdings in MARA were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in MARA in the third quarter worth about $26,000. Beacon Capital Management LLC bought a new position in shares of MARA during the 4th quarter valued at approximately $26,000. Larson Financial Group LLC increased its holdings in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in 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 acquiring an additional 860 shares during the period. Finally, Signaturefd LLC lifted its holdings in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,015 shares of company stock valued at $2,237,086 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Piper Sandler assumed coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MARA has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

Shares of MARA stock opened at $12.45 on Thursday. 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 Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $34.09. The stock has a 50 day moving average of $17.78 and a 200 day moving average of $18.46. The firm has a market cap of $4.23 billion, a PE ratio of 15.76 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

MARA Profile

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.