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 the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.48, for a total value of $398,723.36. Following the completion of the sale, the chief financial officer directly owned 248,566 shares in the company, valued at approximately $2,853,537.68. This represents a 12.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $11.99, for a total value 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 Stock Performance

NASDAQ MARA traded down $0.76 during trading on Wednesday, hitting $9.93. The company’s stock had a trading volume of 47,818,985 shares, compared to its average volume of 46,216,340. Marathon Digital Holdings, Inc. has a 52 week low of $9.71 and a 52 week high of $24.84. The firm has a market cap of $3.76 billion, a P/E ratio of 5.52 and a beta of 5.42. The firm has a 50 day moving average price of $15.23 and a 200 day moving average price of $16.13. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.63.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $254.58 million. Equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marathon Digital

A number of hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL increased its stake in shares of Marathon Digital by 7,831.3% in the third quarter. Strategic Investment Solutions Inc. IL now owns 23,794 shares of the business services provider’s stock valued at $478,000 after buying an additional 23,494 shares in the last quarter. Swiss Life Asset Management Ltd bought a new stake in Marathon Digital during the 3rd quarter worth about $294,000. Liontrust Investment Partners LLP bought a new stake in Marathon Digital during the 3rd quarter worth about $373,000. Danske Bank A S acquired a new stake in Marathon Digital in the 3rd quarter valued at about $55,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Marathon Digital in the third quarter worth about $304,000. 44.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MARA. Guggenheim initiated coverage on shares of Marathon Digital in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Cantor Fitzgerald lowered their price target on Marathon Digital from $30.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. BTIG Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of Marathon Digital in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marathon Digital in a report on Monday. Finally, JPMorgan Chase & Co. cut their target price on Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Marathon Digital 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.