Salman Hassan Khan Sells 33,400 Shares of MARA Holdings, Inc. (NASDAQ:MARA) Stock

MARA Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 33,400 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the sale, the chief financial officer now owns 1,680,971 shares in the company, valued at $25,214,565. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 3rd, Salman Hassan Khan sold 16,700 shares of MARA stock. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00.

MARA Trading Up 2.6%

Shares of MARA stock opened at $16.37 on Wednesday. The firm has a 50-day moving average price of $13.12 and a 200 day moving average price of $17.22. MARA Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 20.72 and a beta of 6.82. 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 (NASDAQ:MARA) last announced its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $213.88 million during the quarter, compared to analyst estimates of $234.19 million. During the same period in the previous year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. Research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MARA. Beacon Capital Management LLC acquired a new position in shares of MARA during the 4th quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA during the 4th quarter valued at about $27,000. Sterling Capital Management LLC increased its stake 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 acquiring an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its stake 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 valued at $33,000 after acquiring an additional 860 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 599 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MARA. Compass Point reiterated a “sell” rating and issued a $9.50 price objective (down from $25.00) on shares of MARA in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Piper Sandler decreased their price objective on shares of MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Finally, Barclays boosted their price objective on shares of MARA from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $20.72.

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.