Marathon Digital (NASDAQ:MARA) General Counsel Zabi Nowaid Sells 42,090 Shares of Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) General Counsel Zabi Nowaid sold 42,090 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $12.00, for a total transaction of $505,080.00. Following the completion of the sale, the general counsel owned 1,007,047 shares of the company’s stock, valued at approximately $12,084,564. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marathon Digital Stock Down 3.4%

NASDAQ MARA opened at $11.23 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $8.88 and its two-hundred day moving average is $11.54. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -2.84 and a beta of 5.29. Marathon Digital Holdings, Inc. has a 1-year low of $6.66 and a 1-year high of $23.45.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings data on Thursday, February 26th. The business services provider reported ($4.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($4.29). The company had revenue of $202.31 million for the quarter, compared to analyst estimates of $250.74 million. Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share. Equities analysts forecast that Marathon Digital Holdings, Inc. will post -0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MARA shares. Piper Sandler decreased their price objective on Marathon Digital from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Cantor Fitzgerald cut their target price on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Morgan Stanley started coverage on shares of Marathon Digital in a research note on Monday, February 9th. They issued an “underweight” rating and a $8.00 target price for the company. Weiss Ratings cut shares of Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Finally, HC Wainwright reiterated a “neutral” rating on shares of Marathon Digital in a research note on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Marathon Digital has an average rating of “Hold” and a consensus price target of $19.90.

Institutional Trading of Marathon Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Marathon Digital by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock worth $827,392,000 after acquiring an additional 4,049,979 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Marathon Digital during the 3rd quarter worth $5,438,000. WINTON GROUP Ltd acquired a new stake in Marathon Digital during the 3rd quarter worth $4,643,000. Farallon Capital Management LLC boosted its position in shares of Marathon Digital by 338.3% during the third quarter. Farallon Capital Management LLC now owns 3,660,000 shares of the business services provider’s stock worth $66,832,000 after purchasing an additional 2,825,000 shares in the last quarter. Finally, Stevens Capital Management LP boosted its position in shares of Marathon Digital by 446.6% during the third quarter. Stevens Capital Management LP now owns 319,549 shares of the business services provider’s stock worth $5,835,000 after purchasing an additional 261,085 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Trending Headlines about Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: Broader market note that increased market access may lift liquidity and participation in narrative?driven sectors (which could help crypto?related names like Marathon over time). Read More.
• Neutral Sentiment: CFO Salman Hassan Khan sold 16,000 shares at an average $11.68 under a pre?arranged Rule 10b5?1 plan; post?sale ownership remains substantial. Read More.
• Neutral Sentiment: General Counsel Zabi Nowaid sold 42,090 shares at an average $12.00 via a 10b5?1 plan; he still holds a seven?figure share position. Read More.
• Neutral Sentiment: CEO Frederick G. Thiel sold 27,505 shares at an average $11.68 under a 10b5?1 plan; his remaining stake is large and the sale reduced his position only modestly. Read More.
• Negative Sentiment: Market writeups flagged that MARA fell more than the broader market today — the coverage highlights the decline and points investors toward possible drivers (insider selling and sector volatility). Read More.
• Negative Sentiment: Another roundup notes the same intraday weakness and reiterates the stock’s larger-than?market drop, reinforcing negative sentiment in headlines. Read More.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.