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

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total transaction of $228,000.00. Following the completion of the sale, the chief financial officer directly owned 409,066 shares of the company’s stock, valued at approximately $5,829,190.50. This represents a 3.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The stock was sold at an average price of $12.00, for a total value of $192,000.00.
• On Friday, April 17th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The stock was sold at an average price of $11.68, for a total value of $186,880.00.

Marathon Digital Price Performance

Marathon Digital stock opened at $14.70 on Wednesday. The business’s 50-day simple moving average is $12.93 and its 200 day simple moving average is $10.64. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of -2.57 and a beta of 5.38. Marathon Digital Holdings, Inc. has a 12-month low of $6.66 and a 12-month high of $23.45. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.99.

Key Stories Impacting Marathon Digital

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

• Positive Sentiment: MARA and other Bitcoin miners were highlighted after flashing “golden crosses,” a bullish technical signal that may suggest improving momentum for the stock if crypto sentiment stabilizes. Bitcoin Has Been Cut In Half, But MARA And HIVE Just Flashed Golden Crosses
• Positive Sentiment: Broader market strength in chipmakers and AI infrastructure stocks may be helping risk appetite for high-beta names like Marathon Digital. Stocks Supported by Strength in Chipmakers and AI-Infrastructure Stocks
• Neutral Sentiment: Recent commentary compared MARA’s long-term Bitcoin-mining strategy with Strategy’s balance-sheet Bitcoin bet, reinforcing that MARA remains a leveraged way to play Bitcoin rather than a fundamentally defensive stock. If You Had Invested $1,000 in MARA or Strategy a Decade Ago
• Negative Sentiment: CEO Frederick G. Thiel sold 27,505 shares and General Counsel Zabi Nowaid sold 7,000 shares, adding to investor concern about insider selling at recent prices. Marathon Digital (NASDAQ:MARA) General Counsel Zabi Nowaid Sells 7,000 Shares
• Negative Sentiment: Analysts remain mixed overall, with a consensus rating of “Hold” and a recent price-target cut from Morgan Stanley, which may limit enthusiasm for the shares. Marathon Digital Holdings, Inc. (NASDAQ:MARA) Insider Trades

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MARA shares. BTIG Research reissued a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research note on Monday, June 1st. HC Wainwright reaffirmed a “neutral” rating on shares of Marathon Digital in a report on Friday, February 27th. Weiss Ratings cut shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 12th. Morgan Stanley reduced their price target on Marathon Digital from $8.50 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 19th. Finally, Cantor Fitzgerald decreased their price objective 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. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Marathon Digital currently has a consensus rating of “Hold” and an average price target of $18.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in Marathon Digital by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 991 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Marathon Digital by 65.3% in the 1st quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after buying an additional 3,032 shares during the period. United Services Automobile Association grew its holdings in shares of Marathon Digital by 8.2% in the 1st quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock valued at $257,000 after buying an additional 1,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Marathon Digital by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock valued at $7,398,000 after buying an additional 63,903 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Marathon Digital during the 2nd quarter worth $183,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Marathon Digital Company Profile

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.