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

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $7.66, for a total value of $122,560.00. Following the completion of the transaction, the chief financial officer owned 359,165 shares of the company’s stock, valued at $2,751,203.90. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $11.48, for a total value of $398,723.36.

Marathon Digital Trading Up 6.1%

Marathon Digital stock traded up $0.46 during trading on Thursday, hitting $7.96. The company’s stock had a trading volume of 36,216,965 shares, compared to its average volume of 46,197,864. The stock’s fifty day moving average is $9.58 and its 200 day moving average is $13.80. Marathon Digital Holdings, Inc. has a 1-year low of $6.66 and a 1-year high of $23.45. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 4.42 and a beta of 5.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.09 and a current ratio of 2.09.

Institutional Investors Weigh In On Marathon Digital

Several large investors have recently made changes to their positions in the business. UBS Group AG raised its stake in shares of Marathon Digital by 104.1% in the 3rd quarter. UBS Group AG now owns 12,098,686 shares of the business services provider’s stock valued at $220,922,000 after acquiring an additional 6,172,110 shares during the period. Marex Group plc acquired a new stake in Marathon Digital in the 2nd quarter valued at $84,301,000. Voloridge Investment Management LLC purchased a new position in Marathon Digital in the third quarter valued at about $93,066,000. Norges Bank purchased a new position in Marathon Digital in the fourth quarter valued at about $39,492,000. Finally, Vanguard Group Inc. lifted its stake in shares of Marathon Digital by 9.8% during the third quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock worth $827,392,000 after purchasing an additional 4,049,979 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MARA shares. Weiss Ratings cut shares of Marathon Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Piper Sandler cut their price target on shares of Marathon Digital from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Marathon Digital from $20.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Cantor Fitzgerald dropped their price objective on Marathon Digital from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Rosenblatt Securities cut their target price on Marathon Digital from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

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.