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 firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 16th, Salman Hassan Khan sold 16,700 shares of MARA stock. The shares were sold at an average price of $23.50, for a total value of $392,450.00.

MARA Trading Up 8.2 %

MARA opened at $15.12 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $18.43. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $30.28. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 19.14 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping 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%. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. Analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MARA shares. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and raised their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Macquarie raised their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One equities research 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. Based on data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and an average price target of $23.78.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC purchased a new position in MARA in the 4th quarter worth approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of MARA during the 3rd quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA during the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC raised its position 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 valued at $31,000 after buying an additional 1,426 shares during the period. Finally, Larson Financial Group LLC raised its position 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 valued at $31,000 after buying an additional 1,062 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Company 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.