Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) General Counsel Zabi Nowaid sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total transaction of $99,750.00. Following the sale, the general counsel owned 963,768 shares in the company, valued at $13,733,694. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zabi Nowaid also recently made the following trade(s):
- On Monday, May 18th, Zabi Nowaid sold 8,250 shares of Marathon Digital stock. The shares were sold at an average price of $12.00, for a total transaction of $99,000.00.
- On Friday, April 17th, Zabi Nowaid sold 42,090 shares of Marathon Digital stock. The stock was sold at an average price of $12.00, for a total transaction of $505,080.00.
Marathon Digital Stock Up 4.4%
Shares of MARA stock traded up $0.63 on Monday, reaching $14.85. 66,775,933 shares of the stock were exchanged, compared to its average volume of 34,557,028. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -2.60 and a beta of 5.38. The business’s 50 day moving average price is $12.83 and its 200 day moving average price is $10.63. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.99. Marathon Digital Holdings, Inc. has a twelve month low of $6.66 and a twelve month high of $23.45.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on MARA
Institutional Trading of Marathon Digital
Institutional investors and hedge funds have recently made changes to their positions in the company. Danske Bank A S acquired a new stake in shares of Marathon Digital in the 3rd quarter valued at about $55,000. Ascentis Independent Advisors purchased a new stake in Marathon Digital in the first quarter valued at approximately $28,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Marathon Digital in the fourth quarter valued at approximately $36,000. Bogart Wealth LLC grew its position in shares of Marathon Digital by 4,345.1% during the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock worth $33,000 after acquiring an additional 3,954 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Marathon Digital during the third quarter worth approximately $79,000. 44.53% of the stock is owned by hedge funds and other institutional investors.
Marathon Digital Company Profile
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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