Marathon Digital (NASDAQ:MARA) General Counsel Zabi Nowaid Sells 8,376 Shares of Stock

Marathon Digital Holdings, Inc. (NASDAQ:MARA) General Counsel Zabi Nowaid sold 8,376 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $12.00, for a total value of $100,512.00. Following the completion of the sale, the general counsel directly owned 898,780 shares in the company, valued at approximately $10,785,360. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zabi Nowaid also recently made the following trade(s):

• On Wednesday, June 17th, Zabi Nowaid sold 7,000 shares of Marathon Digital stock. The shares were sold at an average price of $14.25, for a total value of $99,750.00.

Marathon Digital Stock Up 1.0%

Shares of NASDAQ:MARA traded up $0.11 on Friday, hitting $11.26. 103,731,572 shares of the company traded hands, compared to its average volume of 45,170,276. The company has a market cap of $4.35 billion, a PE ratio of -1.23 and a beta of 5.40. 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 Holdings, Inc. has a 52 week low of $6.66 and a 52 week high of $23.45. The stock has a 50 day simple moving average of $12.04 and a 200-day simple moving average of $10.99.

Marathon Digital (NASDAQ:MARA) last issued its earnings results 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). Marathon Digital had a negative return on equity of 26.05% and a negative net margin of 429.71%.The firm had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. During the same quarter in the prior year, the company posted $1.84 EPS. The company’s quarterly revenue was down 26.7% on a year-over-year basis. As a group, research analysts expect that Marathon Digital Holdings, Inc. will post -1.24 earnings per share for the current year.

Institutional Investors Weigh In On Marathon Digital

A number of hedge funds have recently bought and sold shares of the business. Nykredit A S bought a new position in Marathon Digital during the second quarter valued at $188,000. Headlands Technologies LLC grew its stake in shares of 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 buying an additional 150,665 shares during the last quarter. Greenleaf Trust increased its stake in Marathon Digital by 9.9% in the second 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. increased its stake in 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 buying an additional 9,873 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Marathon Digital by 20.0% during the second quarter. GAMMA Investing LLC now owns 25,506 shares of the business services provider’s stock valued at $354,000 after acquiring an additional 4,246 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

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

Trending Headlines about Marathon Digital

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

• Positive Sentiment: Bitcoin’s strong advance provided a favorable backdrop for Marathon’s mining business and helped propel MARA higher in recent sessions. Crypto-linked equities also benefited from renewed optimism that Congress could advance the Clarity Act, which would establish a clearer U.S. regulatory framework for digital assets. Crypto stocks rally as Bitcoin breaks out Bitcoin and crypto shares climb after Clarity Act push
• Neutral Sentiment: Marathon’s expansion into AI data-center and power infrastructure could diversify revenue beyond Bitcoin mining. However, the recent split among mining stocks shows investors are questioning the economics, funding requirements and execution risk of these AI-related projects rather than automatically rewarding the strategy. Bitcoin miners diverge as investors weigh AI strategies
• Negative Sentiment: Marathon’s latest quarterly results remain a significant overhang. 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, reinforcing concerns about profitability and valuation. MARA earnings miss
• Negative Sentiment: CEO Frederick Thiel sold 27,505 shares and CFO Salman Hassan Khan sold 16,000 shares at approximately $9.21 under pre-arranged Rule 10b5-1 plans. Both executives retained substantial holdings, limiting the significance of the sales, but the transactions may modestly weigh on sentiment. MARA CFO insider sale MARA CEO insider sale

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.