Key Points
- CFO Salman Hassan Khan sold 34,732 Marathon Digital shares on December 15 at an average price of $11.48 for total proceeds of about $398,723, leaving him with 248,566 shares (a 12.26% reduction in his stake).
- The December sale is part of repeated insider disposals of the same 34,732‑share block — previously sold on November 17 (avg $11.99) and October 15 (avg $22.74) — signaling ongoing insider selling over several months.
- Marathon (MARA) is trading near $10.07 (close to its 52‑week low of $9.71) with a market cap around $3.81B, and analysts have a consensus "Moderate Buy" rating with a $23.50 price target.
Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.48, for a total transaction of $398,723.36. Following the completion of the sale, the chief financial officer owned 248,566 shares of the company's stock, valued at $2,853,537.68. This represents a 12.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 transaction of $789,805.68.
Marathon Digital Stock Performance
NASDAQ MARA traded up $0.14 during trading hours on Thursday, hitting $10.07. 5,973,884 shares of the company's stock traded hands, compared to its average volume of 46,049,832. Marathon Digital Holdings, Inc. has a 52 week low of $9.71 and a 52 week high of $23.45. The firm has a market capitalization of $3.81 billion, a P/E ratio of 5.58 and a beta of 5.42. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. The business's fifty day moving average price is $15.02 and its two-hundred day moving average price is $16.08.
Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.06). The business had revenue of $252.41 million for the quarter, compared to the consensus estimate of $254.58 million. Marathon Digital had a net margin of 100.82% and a negative return on equity of 2.59%. Equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently issued reports on MARA. Macquarie increased their target price on shares of Marathon Digital from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Wednesday, October 22nd. Cantor Fitzgerald dropped their target price on shares of Marathon Digital from $30.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, November 5th. Rosenblatt Securities lowered their price objective on Marathon Digital from $25.00 to $22.00 and set a "buy" rating on the stock in a research report on Wednesday, November 5th. BTIG Research reissued a "buy" rating and set a $27.00 target price on shares of Marathon Digital in a research note on Friday, September 5th. Finally, Guggenheim assumed coverage on shares of Marathon Digital in a report on Tuesday, October 21st. They set a "neutral" rating for the company. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.
View Our Latest Analysis on Marathon Digital
Institutional Investors Weigh In On Marathon Digital
Hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management increased its holdings in shares of Marathon Digital by 2,407.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider's stock worth $25,000 after buying an additional 1,300 shares during the last quarter. Fifth Third Bancorp increased its stake in Marathon Digital by 59.9% during the second quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider's stock worth $29,000 after acquiring an additional 683 shares during the last quarter. Estabrook Capital Management purchased a new stake in Marathon Digital during the second quarter valued at approximately $31,000. Bessemer Group Inc. lifted its stake in shares of Marathon Digital by 56.8% in the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider's stock valued at $33,000 after purchasing an additional 659 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Marathon Digital by 375.4% in the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider's stock worth $40,000 after purchasing an additional 2,001 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.
Marathon Digital Company Profile
(
Get Free Report)
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.
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