FORT LAUDERDALE, FL – Khan Salman Hassan, CFO of MARA Holdings, Inc. (NASDAQ:MARA), a company with a market cap of $7.1 billion that has delivered strong returns in recent months according to… InvestingPro data, sold 16,700 shares of the company’s common stock on Dec. 16, according to a recent Securities and Exchange Commission filing. The shares were sold at $23.50 per share, corresponding to a total transaction value of approximately $392,450.
Following the sale, Khan retains direct ownership of 1,836,129 shares in the company. In addition, he has indirect ownership of 176,818 shares through the S & N Khan Family Trust, of which he and his wife serve as trustees. The sale was made pursuant to a Rule 10b5-1 trading plan, a pre-defined plan that allows insiders to sell shares under specified conditions, which Khan adopted on June 18, 2024. For deeper insights into insider trading patterns and comprehensive analysis of a company’s financial condition MARA Health (rated as good). InvestingPro), subscribers can access a detailed Pro Research report, available for over 1,400 US stocks.
In other recent news, Marathon Digital (NASDAQ:) Holdings, a leading Bitcoin mining company, has been the focus of several analyst notes and business developments. Piper Sandler initiated coverage on Marathon Digital with an Overweight rating and a price target set at $34.00, citing its significant mining capacity and the company’s large Bitcoin treasury. JPMorgan also revised its stance on the company, raising its rating from Underweight to Neutral and increasing its price target to $23.00. This adjustment reflects Marathon Digital’s significant expansion of autonomous mining capacity, resulting in revenue growth of 131% over the past 12 months.
In addition, the Company successfully closed a private offering of $850 million of convertible securities. The net proceeds from this offering, totaling approximately $835.1 million, were allocated for various corporate purposes, including acquiring more Bitcoin and potential strategic acquisitions. Barclays (LON:) and Compass Point issued an equal weight rating on Marathon Digital, setting price targets at $27.00 and $25.00, respectively.
The significant increase in the value of . This increase came on the heels of the appointment of Paul Atkins as the new head of the Securities and Exchange Commission (SEC), a move seen as favorable for the cryptocurrency industry. Marathon Digital has also expanded its operations, recently adding approximately 372 megawatts across three sites in Ohio. These are the latest developments for Marathon Digital.
This article was created with the power of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.
https://i-invdn-com.investing.com/news/international_newspapers_69x52._800x533_L_1419494241.jpg
Source link