Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) Director Douglas Mellinger sold 7,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $16.00, for a total value of $112,000.00. Following the completion of the sale, the director directly owned 231,618 shares of the company’s stock, valued at $3,705,888. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marathon Digital Stock Up 4.7%
MARA stock opened at $14.53 on Friday. The stock’s 50 day simple moving average is $13.15 and its 200 day simple moving average is $10.69. The company has a market cap of $5.54 billion, a P/E ratio of -2.54 and a beta of 5.38. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.84 and a current ratio of 1.84. Marathon Digital Holdings, Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $23.45.
Institutional Investors Weigh In On Marathon Digital
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new stake in shares of Marathon Digital in the third quarter valued at about $4,643,000. Farallon Capital Management LLC grew its position in Marathon Digital by 338.3% in the 3rd quarter. Farallon Capital Management LLC now owns 3,660,000 shares of the business services provider’s stock worth $66,832,000 after purchasing an additional 2,825,000 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Marathon Digital in the 4th quarter valued at about $10,201,000. Brevan Howard Capital Management LP increased its stake in Marathon Digital by 238.7% in the 3rd quarter. Brevan Howard Capital Management LP now owns 195,260 shares of the business services provider’s stock valued at $3,565,000 after buying an additional 137,606 shares during the last quarter. Finally, Clear Street Group Inc. bought a new position in shares of Marathon Digital during the 3rd quarter worth approximately $34,331,000. 44.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Marathon Digital
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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