Investors Purchase Large Volume of Marathon Digital Call Options (NASDAQ:MARA)

Marathon Digital Holdings, Inc. (NASDAQ:MARA) saw unusually large options trading on Wednesday. Stock traders purchased 384,677 call options on the stock. This is an increase of approximately 56% compared to the average daily volume of 246,386 call options.

Marathon Digital Stock Up 19.0 %

MARA stock opened at $19.32 on Thursday. The firm has a market cap of $5.69 billion, a PE ratio of 12.38 and a beta of 5.52. Marathon Digital has a 1 year low of $8.39 and a 1 year high of $34.09. The company has a fifty day simple moving average of $16.49 and a 200 day simple moving average of $18.43. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13.

Insider Transactions at Marathon Digital

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,417 shares of company stock valued at $1,516,536. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MARA. Beaird Harris Wealth Management LLC grew its position in shares of Marathon Digital by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 695 shares during the last quarter. Financial Advocates Investment Management boosted its stake in Marathon Digital by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 700 shares during the period. Ranch Capital Advisors Inc. grew its holdings in Marathon Digital by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after buying an additional 780 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Marathon Digital by 4.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after buying an additional 881 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Marathon Digital by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after buying an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MARA. HC Wainwright restated a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a research report on Thursday, October 10th. Cantor Fitzgerald started coverage on shares of Marathon Digital in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Macquarie began coverage on Marathon Digital in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price objective for the company. Finally, B. Riley boosted their target price on Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Marathon Digital currently has a consensus rating of “Hold” and a consensus price target of $21.43.

About Marathon Digital

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.