Clear Street Group Inc. Decreases Stake in Marathon Digital Holdings, Inc. $MARA

Clear Street Group Inc. lowered its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,289,600 shares of the business services provider’s stock after selling 590,500 shares during the quarter. Clear Street Group Inc.’s holdings in Marathon Digital were worth $11,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MARA. Bessemer Group Inc. raised its stake in shares of Marathon Digital by 56.8% in the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after purchasing an additional 659 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Marathon Digital in the fourth quarter worth $36,000. Hantz Financial Services Inc. raised its stake in shares of Marathon Digital by 344.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock worth $45,000 after purchasing an additional 3,893 shares during the last quarter. Danske Bank A S raised its stake in shares of Marathon Digital by 93.3% in the fourth quarter. Danske Bank A S now owns 5,800 shares of the business services provider’s stock worth $52,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Marathon Digital by 50.8% in the fourth quarter. Farther Finance Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $70,000 after purchasing an additional 2,613 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Marathon Digital from $8.50 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 19th. Rosenblatt Securities boosted their price target on Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. HC Wainwright restated a “neutral” rating on shares of Marathon Digital in a research note on Friday, February 27th. Cantor Fitzgerald decreased their price target on Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings cut Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Marathon Digital currently has a consensus rating of “Hold” and an average target price of $18.38.

Marathon Digital Stock Up 3.5%

Marathon Digital stock opened at $14.08 on Friday. The stock has a market cap of $5.37 billion, a PE ratio of -2.46 and a beta of 5.38. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.84 and a current ratio of 1.84. Marathon Digital Holdings, Inc. has a one year low of $6.66 and a one year high of $23.45. The stock has a fifty day moving average of $12.19 and a 200 day moving average of $10.51.

Insider Activity at Marathon Digital

In related news, CFO Salman Hassan Khan sold 16,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $12.00, for a total transaction of $192,000.00. Following the completion of the sale, the chief financial officer owned 425,066 shares in the company, valued at approximately $5,100,792. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,250 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $12.00, for a total value of $99,000.00. Following the sale, the general counsel owned 970,768 shares of the company’s stock, valued at approximately $11,649,216. This trade represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 180,855 shares of company stock worth $2,033,654. 0.80% of the stock is owned by insiders.

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.