MARA rises as bitcoin rebounds and investors revisit Long Ridge deal progress

MARA Holdings, Inc. (MARA) is up 4.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears primarily tied to a rebound in bitcoin, which often drives amplified gains in publicly traded bitcoin miners. Recent company updates tied to its Long Ridge Energy transaction may also be supporting sentiment by reducing deal uncertainty.

Details:

Bitcoin traded higher on the day, and crypto-linked equities like miners frequently move with higher “beta” than the underlying coin.

MARA disclosed substantial bitcoin holdings as of March 31, 2026, which can make its equity sensitive to changes in bitcoin’s price as investors reassess the mark-to-market value of its treasury.

MARA’s subsidiary launched a consent solicitation process related to Long Ridge Energy LLC’s 8.750% senior secured notes due 2032, a step connected to MARA’s planned acquisition of Long Ridge.

The company later announced the consent solicitation’s expiration and results (with requisite consents received), which could be viewed as incremental progress toward closing and integrating the energy asset.

Sources:

MARA Investor Relations, U.S. SEC, Barchart

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MARA Insider Trading Activity

$MARA insiders have traded $MARA stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $MARA stock by insiders over the last 6 months:

FREDERICK G THIEL (Chief Executive Officer) has made 0 purchases and 5 sales selling 137,525 shares for an estimated $1,377,725.
SALMAN HASSAN KHAN (Chief Financial Officer) has made 0 purchases and 4 sales selling 82,732 shares for an estimated $855,043.
ZABI NOWAID (General Counsel) sold 42,090 shares for an estimated $505,080

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$MARA Hedge Fund Activity

We have seen 218 institutional investors add shares of $MARA stock to their portfolio, and 243 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TWO SIGMA ADVISERS, LP removed 7,393,707 shares (-99.6%) from their portfolio in Q4 2025, for an estimated $66,395,488
D. E. SHAW & CO., INC. removed 4,422,906 shares (-74.6%) from their portfolio in Q4 2025, for an estimated $39,717,695
HRT FINANCIAL LP added 3,679,439 shares (+inf%) to their portfolio in Q1 2026, for an estimated $30,024,222
FARALLON CAPITAL MANAGEMENT LLC removed 3,660,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $32,866,800
CAPITAL WORLD INVESTORS removed 2,954,764 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $24,110,874
GOLDMAN SACHS GROUP INC added 2,291,738 shares (+61.3%) to their portfolio in Q1 2026, for an estimated $18,700,582
TWO SIGMA INVESTMENTS, LP removed 2,202,211 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $19,775,854

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MARA Analyst Ratings

Wall Street analysts have issued reports on $MARA in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 01/14/2026
JP Morgan issued a "Overweight" rating on 11/24/2025
Compass Point issued a "Buy" rating on 11/24/2025

To track analyst ratings and price targets for $MARA, check out Quiver Quantitative's $MARA forecast page.

$MARA Price Targets

Multiple analysts have issued price targets for $MARA recently. We have seen 8 analysts offer price targets for $MARA in the last 6 months, with a median target of $14.0.

Here are some recent targets:

Stephen Byrd from Morgan Stanley set a target price of $7.0 on 05/19/2026
Chris Brendler from Rosenblatt set a target price of $15.0 on 05/01/2026
Brett Knoblauch from Cantor Fitzgerald set a target price of $10.0 on 04/09/2026
Brian Dobson from Clear Street set a target price of $9.0 on 03/04/2026
Paul Golding from Macquarie set a target price of $26.0 on 03/04/2026
Patrick Moley from Piper Sandler set a target price of $16.0 on 01/14/2026
Reginald Smith from JP Morgan set a target price of $13.0 on 11/24/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.