Key Points
- CEO Frederick Thiel sold 27,505 shares on Feb. 17 at an average of $7.66 for about $210,688, trimming his position by 0.81% to 3,381,861 shares (SEC filing disclosed).
- MARA was trading near $7.95 (1‑year range $6.66–$23.45) with a $3.01B market cap, and analysts are mixed — the consensus is a Hold with an average $21 price target despite divergent calls (e.g., Morgan Stanley $8 underweight vs. Compass Point $30 buy).
Marathon Digital Holdings, Inc. (NASDAQ:MARA - Get Free Report) CFO Salman Hassan Khan sold 16,000 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $7.66, for a total transaction of $122,560.00. Following the transaction, the chief financial officer owned 359,165 shares in the company, valued at approximately $2,751,203.90. The trade was a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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 shares were sold at an average price of $11.48, for a total transaction of $398,723.36.
Marathon Digital Stock Performance
Shares of MARA traded down $0.19 during mid-day trading on Friday, hitting $7.77. 18,400,254 shares of the company's stock were exchanged, compared to its average volume of 44,667,629. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 4.37 and a beta of 5.56. The stock's 50-day simple moving average is $9.58 and its 200-day simple moving average is $13.80. Marathon Digital Holdings, Inc. has a 52 week low of $6.66 and a 52 week high of $23.45.
Institutional Investors Weigh In On Marathon Digital
Several hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider's stock valued at $33,000 after buying an additional 659 shares during the period. Archer Investment Corp increased its stake in shares of Marathon Digital by 10.9% in the 2nd quarter. Archer Investment Corp now owns 7,650 shares of the business services provider's stock worth $120,000 after acquiring an additional 750 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Marathon Digital by 15.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 5,812 shares of the business services provider's stock valued at $108,000 after acquiring an additional 799 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Marathon Digital by 3.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 29,389 shares of the business services provider's stock worth $537,000 after purchasing an additional 882 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Marathon Digital by 2.7% during the second quarter. Ameritas Investment Partners Inc. now owns 35,443 shares of the business services provider's stock valued at $556,000 after purchasing an additional 934 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on MARA. Rosenblatt Securities lowered their price objective on Marathon Digital from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, November 5th. Compass Point raised shares of Marathon Digital from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a research note on Monday, November 24th. Cantor Fitzgerald cut their price target 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. Morgan Stanley assumed coverage on Marathon Digital in a research note on Monday, February 9th. They set an "underweight" rating and a $8.00 price objective for the company. Finally, Weiss Ratings lowered Marathon Digital from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, February 5th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Marathon Digital has a consensus rating of "Hold" and a consensus price target of $21.00.
Get Our Latest Stock Report on MARA
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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