Buy tech sell-off, Wedbush’s Ives says: ’this is a 1996 moment, not 1999’
Douglas K. Mellinger, a director at MARA Holdings, Inc. (NASDAQ:MARA), sold 1,000 shares of common stock on October 7, 2025, at a price of $20.71, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the transaction amounted to $20,710. The sale comes as MARA shows strong momentum, with the stock delivering a 64% return over the past six months and maintaining a healthy P/E ratio of 11.7x.
Following the transaction, Mellinger directly owns 171,859 shares of MARA Holdings. According to InvestingPro analysis, MARA currently appears overvalued relative to its Fair Value, with analysts maintaining a consensus target range of $18-30. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 6, 2025. For deeper insights into MARA’s valuation and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Marathon Digital Holdings Inc. reported a significant increase in its Bitcoin mining activities for September, mining 736 Bitcoins, a 4% rise from August. This production increase resulted in an estimated revenue of $83.5 million for September and $245.7 million for the third quarter of 2025, based on an average Bitcoin price of $113,518. Despite the global mining difficulty, Marathon achieved a 5% increase in block production, winning 218 blocks in September. Cantor Fitzgerald responded to these developments by raising its price target for Marathon to $30, maintaining an Overweight rating. Additionally, Marathon Holdings announced the appointment of Gérard Mestrallet as a senior advisor and François Garcin as the general manager of Europe, coinciding with the establishment of its European headquarters in Paris. Mestrallet brings valuable experience from his previous roles, including his tenure as Chairman and CEO of ENGIE. These strategic moves are part of Marathon’s efforts to expand its influence in the digital energy sector.
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