MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, March 3rd. The stock was 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 of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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 1.3 %
MARA stock opened at $13.97 on Wednesday. MARA Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $30.28. The stock has a 50-day moving average price of $17.41 and a 200 day moving average price of $18.45. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 17.68 and a beta of 5.76.
MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.
Institutional Investors Weigh In On MARA
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth about $26,000. Beacon Capital Management LLC purchased a new position in shares of MARA during the 4th quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter valued at $27,000. Larson Financial Group LLC boosted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after buying an additional 1,062 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in MARA by 358.3% during the fourth 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. 44.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MARA has been the topic of a number of analyst reports. 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 MARA from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Piper Sandler dropped their target price on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Barclays lowered their price target on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $23.78.
Get Our Latest Stock Report on MARA
MARA Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
