Broadcom named strategic vendor for Walmart virtualization solutions
FORT LAUDERDALE, FL—Nowaid Zabi, the General Counsel of MARA Holdings, Inc. (NASDAQ:MARA), recently sold a portion of the company’s common stock amid the stock’s 13% decline over the past week. According to a Form 4 filing with the Securities and Exchange Commission, Zabi disposed of 2,000 shares on March 11 at a price of $13.34 per share, amounting to a total transaction value of $26,680. The company, currently valued at $4.55 billion, trades at a P/E ratio of 7.13.
Following this transaction, Zabi holds 863,560 shares of MARA Holdings directly. This sale was conducted in compliance with the company’s Insider Trading Policy, as noted in the filing’s footnotes. According to InvestingPro analysis, the stock currently trades below its Fair Value, with analysts setting price targets ranging from $14 to $30 per share. InvestingPro subscribers can access comprehensive insider trading patterns and 14 additional key insights about MARA’s financial health and market position.
In other recent news, MARA Holdings has reported a 4% increase in average daily Bitcoin production for February 2025, despite a 6% drop in the number of blocks won and total Bitcoin produced. The company is nearing the completion of a new 40-megawatt data center in Ohio, expected to house over ten thousand S21 Pro immersion miners. Additionally, MARA Holdings appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2025, following a competitive selection process. Rosenblatt Securities initiated coverage on MARA Holdings with a Buy rating and a $19 price target, highlighting the company’s significant market share and substantial Bitcoin holdings. Piper Sandler adjusted MARA’s stock price target to $30 while maintaining an Overweight rating, noting the company’s strong performance in the fourth quarter of 2024. Furthermore, MARA Holdings introduced new equity incentive plans, including updated award agreements for restricted stock units and performance-based restricted stock units. These changes aim to align employee interests with shareholder goals by incorporating performance metrics such as Hashrate Hours and Total (EPA:TTEF) Exahash.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.