MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery Sells 752 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeanine Montgomery also recently made the following trade(s):

• On Wednesday, November 6th, Jeanine Montgomery sold 56,250 shares of MicroStrategy stock. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50.

MicroStrategy Stock Up 4.0 %

MicroStrategy stock opened at $340.65 on Monday. The company has a 50 day moving average of $204.83 and a 200-day moving average of $166.15. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $383.40. The stock has a market capitalization of $69.03 billion, a PE ratio of -161.45 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the company posted ($8.98) earnings per share. MicroStrategy’s revenue for the quarter was down 10.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. Capital International Investors lifted its position in shares of MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares in the last quarter. Vanguard Group Inc. grew its position in MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after purchasing an additional 401,071 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after buying an additional 579,994 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Benchmark increased their target price on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective for the company. Sanford C. Bernstein dropped their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research increased their target price on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Company Profile

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.