Salman Hassan Khan Sells 16,000 Shares of Marathon Digital (NASDAQ:MARA) Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARAGet Free Report) CFO Salman Hassan Khan sold 16,000 shares of Marathon Digital stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $7.66, for a total value of $122,560.00. Following the sale, the chief financial officer owned 359,165 shares in the company, valued at $2,751,203.90. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, December 15th, Salman Hassan Khan sold 34,732 shares of Marathon Digital stock. The stock was sold at an average price of $11.48, for a total value of $398,723.36.

Marathon Digital Stock Performance

Shares of Marathon Digital stock opened at $7.97 on Friday. The business has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $13.75. The firm has a market capitalization of $3.01 billion, a P/E ratio of 4.43 and a beta of 5.56. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. Marathon Digital Holdings, Inc. has a 12 month low of $6.66 and a 12 month high of $23.45.

Key Stories Impacting Marathon Digital

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley began coverage on shares of Marathon Digital in a research note on Monday, February 9th. They set an “underweight” rating and a $8.00 target price for the company. Compass Point raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, November 24th. JPMorgan Chase & Co. decreased their price objective on shares of Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, November 24th. Piper Sandler lowered their price target on Marathon Digital from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Finally, Rosenblatt Securities reduced their price objective on Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.00.

View Our Latest Stock Analysis on Marathon Digital

Hedge Funds Weigh In On Marathon Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG grew its holdings in shares of Marathon Digital by 104.1% in the third quarter. UBS Group AG now owns 12,098,686 shares of the business services provider’s stock worth $220,922,000 after acquiring an additional 6,172,110 shares during the period. Marex Group plc purchased a new position in Marathon Digital in the second quarter worth about $84,301,000. Voloridge Investment Management LLC bought a new stake in shares of Marathon Digital during the 3rd quarter valued at about $93,066,000. Norges Bank purchased a new stake in shares of Marathon Digital during the 4th quarter valued at about $39,492,000. Finally, Vanguard Group Inc. lifted its stake in shares of Marathon Digital by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock worth $827,392,000 after purchasing an additional 4,049,979 shares during the period. 44.53% of the stock is owned by institutional investors.

Marathon Digital Company Profile

(Get Free Report)

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.

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