Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) CEO Frederick Thiel sold 27,505 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $12.00, for a total transaction of $330,060.00. Following the completion of the sale, the chief executive officer owned 4,589,514 shares in the company, valued at $55,074,168. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marathon Digital Stock Up 3.0%
Shares of NASDAQ:MARA opened at $13.55 on Friday. Marathon Digital Holdings, Inc. has a 52 week low of $6.66 and a 52 week high of $23.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.84 and a current ratio of 1.84. The company’s fifty day moving average is $10.52 and its 200-day moving average is $10.48. The company has a market capitalization of $5.17 billion, a PE ratio of -2.37 and a beta of 5.41.
Marathon Digital (NASDAQ:MARA – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($4.29). The business had revenue of $202.31 million for the quarter, compared to the consensus estimate of $250.74 million. Marathon Digital had a negative return on equity of 23.20% and a negative net margin of 234.83%.The firm’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. Equities research analysts predict that Marathon Digital Holdings, Inc. will post -1.67 earnings per share for the current fiscal year.
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Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management increased its stake 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 valued at $25,000 after acquiring an additional 1,300 shares during the last quarter. Bessemer Group Inc. increased 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 acquiring an additional 659 shares during the last quarter. Danske Bank A S bought a new stake in shares of Marathon Digital in the 3rd quarter valued at about $55,000. Ascentis Independent Advisors bought a new stake in shares of Marathon Digital in the 1st quarter valued at about $28,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Marathon Digital in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 44.53% of the company’s stock.
About Marathon Digital
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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