MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC decreased its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 204,515 shares of the business services provider’s stock after selling 1,058 shares during the quarter. Aptus Capital Advisors LLC’s holdings in MARA were worth $3,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in MARA by 1.9% in the first quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after acquiring an additional 441,455 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the period. Bank of New York Mellon Corp lifted its holdings in MARA by 186.6% in the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after acquiring an additional 1,327,969 shares during the period. Principal Financial Group Inc. lifted its holdings in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after acquiring an additional 37,150 shares during the period. Finally, Millennium Management LLC lifted its holdings in MARA by 12.7% in the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after acquiring an additional 149,805 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Macquarie assumed coverage on MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.57.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at $33,022,547.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the sale, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,417 shares of company stock worth $1,524,546. 0.97% of the stock is currently owned by insiders.

MARA Price Performance

MARA stock opened at $21.70 on Thursday. MARA Holdings, Inc. has a 1 year low of $8.88 and a 1 year high of $34.09. The firm has a market capitalization of $6.39 billion, a P/E ratio of 27.47 and a beta of 5.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. The business’s 50-day moving average is $17.09 and its two-hundred day moving average is $18.54.

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.