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

Marathon Digital Holdings, Inc. (NASDAQ:MARA) was the target of some unusual options trading on Wednesday. Stock investors bought 384,677 call options on the company. This represents an increase of 56% compared to the typical volume of 246,386 call options.

Marathon Digital Stock Performance

MARA stock opened at $19.32 on Thursday. Marathon Digital has a 1-year low of $8.39 and a 1-year high of $34.09. The business’s 50-day moving average price is $16.49 and its two-hundred day moving average price is $18.43. The firm has a market cap of $5.69 billion, a PE ratio of 12.38 and a beta of 5.52. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MARA. Macquarie initiated coverage on shares of Marathon Digital in a report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price objective for the company. Cantor Fitzgerald began coverage on Marathon Digital in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. HC Wainwright restated a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a research report on Thursday, October 10th. Finally, B. Riley raised their price objective on shares of Marathon Digital from $18.00 to $20.00 and gave the company a “neutral” rating in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.43.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of Marathon Digital stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock valued at $1,516,536 over the last ninety days. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marathon Digital

Several institutional investors have recently modified their holdings of MARA. Vanguard Group Inc. raised its stake in shares of Marathon Digital by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after purchasing an additional 441,455 shares during the period. Dimensional Fund Advisors LP lifted its stake in Marathon Digital by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Marathon Digital by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after acquiring an additional 1,327,969 shares during the last quarter. Principal Financial Group Inc. boosted its position in Marathon Digital by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after acquiring an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Marathon Digital by 12.7% during the 2nd quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after acquiring an additional 149,805 shares in the last quarter. Institutional investors own 44.53% 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.