Fred Thiel, the Chief Executive Officer of MARA Holdings, Inc. (NASDAQ:MARA), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Thiel sold 27,505 shares of common stock on November 18, 2024. The shares were sold at a price of $19.80 each, amounting to a total transaction value of $544,599.
Following this transaction, Thiel retains ownership of 4,155,595 shares in the company. The sale was executed under a Rule 10b5-1 trading plan, which Thiel adopted on June 18, 2024. This type of plan allows company insiders to set up a predetermined schedule for selling stocks to avoid any allegations of insider trading.
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MARA
0. Analysts anticipate sales growth in the current year
MARA
1. Quickly burning through cash
MARA
2. Trading at a low P/E ratio relative to near-term earnings growth
MARA
3. Significant return over the last week
MARA
4. Trading at a high earnings multiple
MARA
5. Stock generally trades with high price volatility
MARA
6. Stock price movements are quite volatile
MARA
7. Valuation implies a poor free cash flow yield
MARA
8. High return over the last year
MARA
9. Liquid assets exceed short term obligations
MARA
10. Operates with a moderate level of debt
MARA
11. Trading at a high EBITDA valuation multiple
MARA
12. Trading at a high revenue valuation multiple
MARA
13. Strong return over the last month
MARA
14. Strong return over the last three months
MARA
15. Analysts predict the company will be profitable this year
MARA
16. Profitable over the last twelve months
MARA
17. Strong return over the last five years
MARA
18. Does not pay a dividend to shareholders
InvestingPro Data:
Market Cap (Adjusted) -: 7290M USD
MARA
P/E Ratio -: 36.63
MARA
P/E Ratio (Adjusted) LTM2024.Q3 -: 32.38
MARA
PEG Ratio LTM2024.Q3 -: 0.3
MARA
Price / Book LTM2024.Q3 -: 2.24
MARA
Revenue LTM2024.Q3 -: 598.75M USD
MARA
Revenue Growth LTM2024.Q3 -: 131.04 %
MARA
Revenue Growth (Quarterly) FY2024.Q3 -: 34.54 %
MARA
Gross Profit LTM2024.Q3 -: 242.02M USD
MARA
Gross Profit Margin LTM2024.Q3 -: 40.42 %
MARA
Operating Income, Adjusted LTM2024.Q3 -: -29.59M USD
MARA
Operating Income Margin LTM2024.Q3 -: -8.25 %
MARA
EBIT LTM2024.Q3 -: -29.59M USD
MARA
EBITDA LTM2024.Q3 -: 330.97M USD
MARA
EBITDA Growth LTM2024.Q3 -: 1772.91 %
MARA
Basic EPS (Cont. Ops) LTM2024.Q3 -: 0.62 USD
MARA
Diluted EPS (Cont. Ops) LTM2024.Q3 -: 0.62 USD
MARA
Return on Assets LTM2024.Q3 -: 6.63 %
MARA
1 Week Price Total (EPA:TTEF) Return Y2024.D326 -: 8.85 %
MARA
1 Month Price Total Return Y2024.D326 -: 20.95 %
MARA
3 Month Price Total Return Y2024.D326 -: 28.36 %
MARA
6 Month Price Total Return Y2024.D326 -: 6.0 %
MARA
YTD Price Total Return Y2024.D326 -: -3.66 %
MARA
1 Year Price Total Return Y2024.D326 -: 119.5 %
MARA
Price % of 52 Week High -: 66.35 %
MARA
Price, Previous Close -: 19.86 USD
MARA
Average Daily Volume (3m) Y2024.D326 -: 44.69M USD
MARA
Next (LON:NXT) Earnings Date -: 2025-03-31
MARA
Fair Value (Analyst Targets) Y2024.D326 -: 22 USD
MARA
InvestingPro Fair Value -: 26.48 USD
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Article to enrich:
Fred Thiel, the Chief Executive Officer of MARA Holdings, Inc. (NASDAQ:MARA), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Thiel sold 27,505 shares of common stock on November 18, 2024. The shares were sold at a price of $19.80 each, amounting to a total transaction value of $544,599.
Following this transaction, Thiel retains ownership of 4,155,595 shares in the company. The sale was executed under a Rule 10b5-1 trading plan, which Thiel adopted on June 18, 2024. This type of plan allows company insiders to set up a predetermined schedule for selling stocks to avoid any allegations of insider trading.
In other recent news, Marathon Digital (NASDAQ:MARA) Holdings has announced its intention to offer $700 million in convertible senior notes due 2030. The proceeds will be allocated towards repurchasing a portion of its existing 2026 convertible notes, acquiring additional bitcoin, and general corporate purposes. The company also reported third-quarter earnings with mixed results; the Bitcoin mining revenue reached $131.6 million, while the adjusted EBITDA of $21.8 million surpassed B.Riley's forecast.
Marathon Digital is progressing towards its goal of achieving a hash rate capacity of 50 EH/s, having already surpassed 40 EH/s. The company has also announced strategic acquisitions of two data centers in Ohio, adding up to 222 megawatts of capacity, and a new 150 MW greenfield project. These recent developments have been acknowledged by analyst firms such as B.Riley, Cantor Fitzgerald, and H.C. Wainwright, leading to adjustments in their price targets for the company.
In addition, Marathon Digital has made significant strides in cost efficiency, with the cost per petahash per day falling by 10% to $37.1 in the third quarter. The company's strategic approach to energy usage, including the conversion of flared gas into power for its micro data centers, has been a key factor in these efficiency gains. These advancements underline Marathon Digital's continued growth and strategic focus within the evolving Bitcoin mining industry.
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