Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells 1,140 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 1,140 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the sale, the chairman now directly owns 1,140 shares of the company’s stock, valued at approximately $2,224,516.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Michael J. Saylor also recently made the following trade(s):

• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The shares were sold at an average price of $1,856.97, for a total value of $1,502,288.73.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The stock was sold at an average price of $1,680.49, for a total transaction of $2,117,417.40.
• On Tuesday, March 19th, Michael J. Saylor sold 1,331 shares of MicroStrategy stock. The stock was sold at an average price of $1,416.13, for a total transaction of $1,884,869.03.
• On Friday, March 15th, Michael J. Saylor sold 1,600 shares of MicroStrategy stock. The shares were sold at an average price of $1,785.98, for a total value of $2,857,568.00.
• On Tuesday, March 12th, Michael J. Saylor sold 1,693 shares of MicroStrategy stock. The shares were sold at an average price of $1,558.03, for a total value of $2,637,744.79.
• On Tuesday, March 5th, Michael J. Saylor sold 2,063 shares of MicroStrategy stock. The stock was sold at an average price of $1,259.56, for a total value of $2,598,472.28.
• On Friday, February 23rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $691.51, for a total transaction of $3,457,550.00.
• On Tuesday, February 13th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $683.33, for a total transaction of $3,416,650.00.
• On Friday, February 9th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $634.03, for a total value of $3,170,150.00.
• On Wednesday, February 7th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $491.32, for a total value of $2,456,600.00.

MicroStrategy Trading Down 11.2 %

NASDAQ MSTR traded down $214.60 during trading hours on Thursday, hitting $1,704.56. The company’s stock had a trading volume of 4,530,729 shares, compared to its average volume of 2,304,881. MicroStrategy Incorporated has a twelve month low of $255.45 and a twelve month high of $1,999.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $28.93 billion, a P/E ratio of 61.95 and a beta of 2.82. The stock has a fifty day moving average of $965.27 and a 200 day moving average of $641.38.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The firm had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Analysts Set New Price Targets

Several research analysts recently commented on MSTR shares. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. BTIG Research increased their price target on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Finally, Benchmark assumed coverage on MicroStrategy in a report on Tuesday, February 27th. They issued a “buy” rating and a $990.00 target price on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $1,074.00.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC increased its holdings in MicroStrategy by 71.6% during the 1st quarter. MetLife Investment Management LLC now owns 4,978 shares of the software maker’s stock worth $2,421,000 after purchasing an additional 2,077 shares in the last quarter. Rhumbline Advisers grew its stake in shares of MicroStrategy by 11.1% during the 1st quarter. Rhumbline Advisers now owns 10,810 shares of the software maker’s stock worth $5,257,000 after acquiring an additional 1,078 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of MicroStrategy in the first quarter valued at approximately $235,000. Moors & Cabot Inc. lifted its position in shares of MicroStrategy by 22.3% in the first quarter. Moors & Cabot Inc. now owns 1,563 shares of the software maker’s stock worth $760,000 after purchasing an additional 285 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in MicroStrategy by 36.4% during the first quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock worth $431,960,000 after purchasing an additional 237,109 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.