MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $458,783.40 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

MARA Stock Performance

MARA stock opened at $14.66 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $18.53. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The firm has a market capitalization of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in shares of MARA in the third quarter valued at $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA in the fourth quarter valued at $26,000. Larson Financial Group LLC increased its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.67.

About MARA

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.