Cwm LLC Purchases 4,728 Shares of Marathon Digital Holdings, Inc. $MARA

Cwm LLC grew its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 32.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,088 shares of the business services provider’s stock after acquiring an additional 4,728 shares during the quarter. Cwm LLC’s holdings in Marathon Digital were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC lifted its position in Marathon Digital by 45.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,507 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 8,885 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Marathon Digital by 375.4% in the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 2,001 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Marathon Digital by 4.6% in the second quarter. Maryland State Retirement & Pension System now owns 103,426 shares of the business services provider’s stock worth $1,622,000 after acquiring an additional 4,592 shares in the last quarter. Clear Creek Financial Management LLC grew its position in Marathon Digital by 35.4% in the second quarter. Clear Creek Financial Management LLC now owns 20,958 shares of the business services provider’s stock worth $329,000 after acquiring an additional 5,483 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Marathon Digital by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 164,400 shares of the business services provider’s stock valued at $2,578,000 after purchasing an additional 4,600 shares during the period. Institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MARA shares. BTIG Research restated a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a report on Friday, September 5th. Rosenblatt Securities raised their price target on Marathon Digital from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Guggenheim initiated coverage on Marathon Digital in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. Cantor Fitzgerald boosted their target price on shares of Marathon Digital from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Marathon Digital from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.20.

Marathon Digital Stock Up 1.7%

Shares of Marathon Digital stock opened at $19.54 on Monday. Marathon Digital Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. The firm’s 50 day moving average price is $17.71 and its 200-day moving average price is $16.32. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.24 billion, a P/E ratio of 17.60 and a beta of 6.33.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $2.13. The business had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The business’s revenue for the quarter was up 64.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.72) earnings per share. On average, sell-side analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $22.74, for a total value of $789,805.68. Following the completion of the transaction, the chief financial officer owned 318,030 shares of the company’s stock, valued at approximately $7,232,002.20. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction on Friday, October 17th. The stock was sold at an average price of $19.57, for a total transaction of $538,272.85. Following the sale, the chief executive officer owned 3,718,700 shares of the company’s stock, valued at $72,774,959. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,598 shares of company stock worth $3,616,374. Insiders own 0.80% of the company’s stock.

Marathon Digital Company Profile

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.