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

Marathon Digital Holdings, Inc. (NASDAQ:MARA) CFO Salman Hassan Khan sold 16,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the sale, the chief financial officer owned 377,066 shares in the company, valued at approximately $3,472,777.86. This trade represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 17th, Salman Hassan Khan sold 16,000 shares of Marathon Digital stock. The stock was sold at an average price of $14.25, for a total value of $228,000.00.

Marathon Digital Stock Performance

NASDAQ MARA opened at $11.15 on Friday. Marathon Digital Holdings, Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $23.45. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -1.22 and a beta of 5.40. The business has a fifty day moving average of $12.10 and a 200-day moving average of $10.99. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($1.77). The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $209.44 million. Marathon Digital had a negative net margin of 429.71% and a negative return on equity of 26.05%. The firm’s revenue was down 26.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, analysts predict that Marathon Digital Holdings, Inc. will post -1.24 earnings per share for the current fiscal year.

More Marathon Digital News

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: Bitcoin’s continued rally is supporting crypto-equity sentiment and is a direct potential benefit to Marathon’s Bitcoin-mining economics and digital-asset holdings. 5 Things to Know Before the Stock Market Opens on Thursday
• Neutral Sentiment: Investors are also evaluating Marathon’s plans to expand into artificial intelligence and power infrastructure. The initiatives could diversify revenue beyond Bitcoin mining, but execution, capital requirements and valuation remain important risks. MARA Holdings Stock Still Looks Expensive As AI Lease Plans Grow
• Negative Sentiment: Higher Treasury yields are returning as a market headwind. Rising rates can increase financing costs and reduce investor appetite for capital-intensive Bitcoin-mining, power and AI projects.
• Negative Sentiment: Marathon’s second-quarter results remain a major concern. Revenue declined 26.7% year over year to $174.88 million, missing the $209.44 million consensus estimate, while the company reported a $1.60-per-share loss versus expectations for a $0.17 profit. Analysts project a full-year loss of about $1.24 per share. MARA Holdings Earnings Miss Puts Its Valuation Narrative Back In Focus
• Negative Sentiment: CEO Frederick Thiel sold 27,505 shares and CFO Salman Hassan Khan sold 16,000 shares at approximately $9.21 per share. The transactions were made under pre-arranged Rule 10b5-1 plans, and both executives retained substantial holdings, limiting—but not eliminating—the potential sentiment impact. SEC Insider Transaction Filing

Institutional Investors Weigh In On Marathon Digital

A number of institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC grew its position in Marathon Digital by 51.2% during the second quarter. Headlands Technologies LLC now owns 444,756 shares of the business services provider’s stock valued at $6,178,000 after acquiring an additional 150,665 shares during the period. Greenleaf Trust raised its holdings in shares of Marathon Digital by 9.9% in the 2nd quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock worth $165,000 after purchasing an additional 1,076 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Marathon Digital by 24.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 50,275 shares of the business services provider’s stock worth $698,000 after purchasing an additional 9,873 shares during the period. GAMMA Investing LLC lifted its stake in shares of Marathon Digital by 20.0% in the 2nd quarter. GAMMA Investing LLC now owns 25,506 shares of the business services provider’s stock valued at $354,000 after purchasing an additional 4,246 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in shares of Marathon Digital in the 2nd quarter valued at about $1,858,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MARA shares. BTIG Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research note on Monday, June 1st. Piper Sandler cut their price objective on shares of Marathon Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Citizens Jmp began coverage on shares of Marathon Digital in a research note on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Marathon Digital in a research report on Friday, August 7th. Finally, Cantor Fitzgerald lowered their target price on shares of Marathon Digital from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.78.

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.