Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $458,783.40 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MARA Stock Performance

Shares of MARA opened at $14.66 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a 50-day moving average of $18.42 and a two-hundred day moving average of $18.54. The stock has a market cap of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09.

Institutional Investors Weigh In On MARA

Large investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its position in MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 878 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in MARA in the fourth quarter valued at approximately $13,416,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of MARA by 33.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 579,408 shares of the business services provider’s stock worth $9,717,000 after buying an additional 145,953 shares during the period. Vident Advisory LLC raised its position in shares of MARA by 40.1% during the 4th quarter. Vident Advisory LLC now owns 670,094 shares of the business services provider’s stock worth $11,237,000 after purchasing an additional 191,914 shares during the last quarter. Finally, Second Line Capital LLC boosted its position in MARA by 13.0% during the fourth quarter. Second Line Capital LLC now owns 231,143 shares of the business services provider’s stock worth $3,876,000 after acquiring an additional 26,633 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MARA. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. B. Riley lifted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Piper Sandler assumed coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. One research 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 has an average rating of “Hold” and an average target price of $25.67.

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.