Marathon Digital (NASDAQ:MARA) CFO Salman Hassan Khan Sells 16,000 Shares of Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARAGet Free Report) CFO Salman Hassan Khan sold 16,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total transaction of $228,000.00. Following the sale, the chief financial officer directly owned 409,066 shares of the company’s stock, valued at approximately $5,829,190.50. The trade was a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Salman Hassan Khan also recently made the following trade(s):

  • On Monday, May 18th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The stock was sold at an average price of $12.00, for a total value of $192,000.00.
  • On Friday, April 17th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The stock was sold at an average price of $11.68, for a total value of $186,880.00.

Marathon Digital Stock Performance

NASDAQ MARA traded up $0.63 on Monday, hitting $14.85. 66,775,933 shares of the company traded hands, 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 company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $12.83 and its 200-day moving average price is $10.63. Marathon Digital Holdings, Inc. has a 52-week low of $6.66 and a 52-week high of $23.45.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price objective on Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, May 12th. Morgan Stanley decreased their target price on shares of Marathon Digital from $8.50 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 19th. BTIG Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a report on Monday, June 1st. Finally, Cantor Fitzgerald dropped their price target on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.38.

Read Our Latest Stock Report on MARA

Institutional Trading of Marathon Digital

Several institutional investors have recently made changes to their positions in MARA. Western Wealth Management LLC raised its stake in Marathon Digital by 26.1% during the 1st quarter. Western Wealth Management LLC now owns 27,140 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 5,610 shares during the period. Empowered Funds LLC boosted its stake in Marathon Digital by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,091 shares of the business services provider’s stock worth $107,000 after purchasing an additional 1,632 shares during the period. DV Trading LLC purchased a new stake in Marathon Digital during the 1st quarter valued at approximately $99,000. Essential Partners LLC grew its holdings in Marathon Digital by 288,266.7% during the 1st quarter. Essential Partners LLC now owns 8,651 shares of the business services provider’s stock valued at $71,000 after buying an additional 8,648 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Marathon Digital during the first quarter valued at approximately $2,864,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

About Marathon Digital

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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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