Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CEO Sells 3,281 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 3,281 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $1,080,302.06. Following the completion of the transaction, the chief executive officer now owns 18,165 shares in the company, valued at $5,981,007.90. This represents a 15.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Phong Le also recently made the following trade(s):

• On Thursday, March 20th, Phong Le purchased 6,000 shares of MicroStrategy stock. The stock was bought at an average cost of $85.00 per share, with a total value of $510,000.00.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $329.31 on Thursday. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day simple moving average of $316.62 and a two-hundred day simple moving average of $292.37. The company has a market capitalization of $84.75 billion, a P/E ratio of -58.46 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

A number of institutional investors have recently modified their holdings of the business. Maryland State Retirement & Pension System raised its holdings in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after acquiring an additional 30 shares during the period. Family Management Corp boosted its holdings in shares of MicroStrategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after acquiring an additional 30 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after acquiring an additional 35 shares during the period. Oder Investment Management LLC raised its stake in shares of MicroStrategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating for the company. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $536.90.

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.