Marathon Digital Holdings, Inc. $MARA Holdings Cut by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 51.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,217 shares of the business services provider’s stock after selling 65,502 shares during the period. Pictet Asset Management Holding SA’s holdings in Marathon Digital were worth $508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Marathon Digital by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after acquiring an additional 991 shares in the last quarter. NewEdge Advisors LLC grew its stake in Marathon Digital by 65.3% in the first quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 3,032 shares in the last quarter. United Services Automobile Association increased its position in Marathon Digital by 8.2% in the 1st quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after purchasing an additional 1,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Marathon Digital by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after purchasing an additional 63,903 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Marathon Digital during the 2nd quarter worth about $183,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total transaction of $391,946.25. Following the transaction, the chief executive officer owned 4,562,009 shares in the company, valued at $65,008,628.25. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $12.00, for a total value of $192,000.00. Following the transaction, the chief financial officer owned 425,066 shares in the company, valued at approximately $5,100,792. This trade represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 194,855 shares of company stock valued at $2,465,975 over the last 90 days. 0.97% of the stock is currently owned by insiders.

Key Headlines Impacting Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA signed a definitive agreement to acquire a 1,200-acre powered land site in Matagorda County, Texas, with access to roughly 2 GW of power capacity. Investors are viewing the deal as a meaningful step toward a larger AI and high-performance computing platform, which could broaden the company’s growth story. MARA Signs Agreement with HIF to Acquire Strategic Powered Land Site in Texas
• Positive Sentiment: Several reports noted the stock was climbing on renewed enthusiasm for MARA’s pivot into AI infrastructure and data centers, with traders betting the higher-margin business mix could improve long-term earnings power versus pure Bitcoin mining. Why Mara Holdings Stock Spiked Today
• Neutral Sentiment: Analysts remain split on valuation: one report raised MARA’s fair value estimate, but published targets still range widely, reflecting uncertainty about execution, the timing of the AI shift, and how much upside the new assets ultimately create. MARA Holdings (MARA) Stock Fair Value Edges Higher As Analysts Weigh HPC Shift
• Neutral Sentiment: Short-interest data showed no shares reported outstanding, so it does not appear to be a meaningful driver of the stock’s move right now. Why MARA Stock Is Climbing: 1,200-Acre Texas Site Deal Adds Up to 2 GW Power
• Negative Sentiment: One analyst note still carried a low price target, underscoring ongoing concerns about valuation and execution risk even as the company expands into AI-related infrastructure. Marathon Digital (NASDAQ:MARA) Given New $5.50 Price Target at Morgan Stanley

Marathon Digital Price Performance

NASDAQ MARA opened at $12.60 on Friday. Marathon Digital Holdings, Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $23.45. The stock’s 50-day moving average is $13.45 and its two-hundred day moving average is $10.82. The firm has a market cap of $4.80 billion, a P/E ratio of -2.20 and a beta of 5.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.84.

Analysts Set New Price Targets

MARA has been the subject of several research reports. Morgan Stanley reduced their price target on Marathon Digital from $7.00 to $5.50 and set an “underweight” rating for the company in a report on Wednesday. Weiss Ratings downgraded Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, May 12th. Cantor Fitzgerald cut their price objective on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Rosenblatt Securities lifted their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Citizens Jmp began coverage on shares of Marathon Digital in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.83.

Marathon Digital Profile

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.