MARA (NASDAQ:MARA) Stock Price Down 1.4% After Insider Selling

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 1.4% during trading on Friday following insider selling activity. The company traded as low as $15.55 and last traded at $15.72. 11,635,031 shares were traded during mid-day trading, a decline of 65% from the average session volume of 33,351,480 shares. The stock had previously closed at $15.95.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Macquarie raised their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Barclays began coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Price Performance

The stock has a market capitalization of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $18.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MARA. Creative Planning boosted its position in MARA by 17.2% in the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock valued at $549,000 after buying an additional 4,974 shares during the last quarter. Signaturefd LLC boosted its position in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of MARA by 1,522.0% in the 3rd quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock worth $317,000 after purchasing an additional 18,355 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in shares of MARA by 7.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 19,766 shares of the business services provider’s stock worth $321,000 after purchasing an additional 1,394 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.