Marathon Digital (NASDAQ:MARA) CFO Salman Hassan Khan Sells 34,732 Shares

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.48, for a total transaction of $398,723.36. Following the completion of the transaction, the chief financial officer directly owned 248,566 shares in the company, valued at $2,853,537.68. This represents a 12.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 17th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The stock was sold at an average price of $11.99, for a total transaction of $416,436.68.
• On Wednesday, October 15th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The shares were sold at an average price of $22.74, for a total value of $789,805.68.

Marathon Digital Price Performance

Shares of NASDAQ:MARA traded down $0.76 on Wednesday, reaching $9.93. 47,818,985 shares of the company traded hands, compared to its average volume of 46,216,340. The stock has a market capitalization of $3.76 billion, a PE ratio of 5.52 and a beta of 5.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.09 and a quick ratio of 2.09. The company’s 50 day moving average is $15.23 and its 200-day moving average is $16.13. Marathon Digital Holdings, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $24.84.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%.The company had revenue of $252.41 million for the quarter, compared to analyst estimates of $254.58 million. As a group, analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marathon Digital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Marathon Digital by 9.8% in the third quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock worth $827,392,000 after buying an additional 4,049,979 shares during the last quarter. State Street Corp raised its stake in shares of Marathon Digital by 1.4% in the 2nd quarter. State Street Corp now owns 13,455,176 shares of the business services provider’s stock valued at $210,977,000 after acquiring an additional 191,380 shares in the last quarter. UBS Group AG lifted its holdings in Marathon Digital by 104.1% in the 3rd quarter. UBS Group AG now owns 12,098,686 shares of the business services provider’s stock worth $220,922,000 after purchasing an additional 6,172,110 shares during the last quarter. Geode Capital Management LLC boosted its position in Marathon Digital by 3.5% during the second quarter. Geode Capital Management LLC now owns 9,225,303 shares of the business services provider’s stock worth $144,669,000 after purchasing an additional 315,499 shares during the period. Finally, American Century Companies Inc. grew its holdings in Marathon Digital by 7.8% during the second quarter. American Century Companies Inc. now owns 6,781,198 shares of the business services provider’s stock valued at $106,329,000 after purchasing an additional 491,245 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MARA has been the subject of several recent analyst reports. Guggenheim assumed coverage on shares of Marathon Digital in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Cantor Fitzgerald decreased their price objective on shares of Marathon Digital from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Compass Point raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Monday, November 24th. Macquarie increased their target price on Marathon Digital from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Marathon Digital in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

About Marathon Digital

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.