Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells 481 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 481 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MicroStrategy Stock Down 1.4 %

MicroStrategy stock opened at $324.59 on Friday. 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 50 day simple moving average of $315.78 and a 200-day simple moving average of $292.60. The stock has a market capitalization of $83.53 billion, a PE ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

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

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently modified their holdings of MSTR. Thrivent Financial for Lutherans increased its holdings in shares of MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after purchasing an additional 5,069 shares during the last quarter. Quest Partners LLC purchased a new stake in MicroStrategy in the 3rd quarter valued at about $208,000. Commerce Bank purchased a new stake in shares of MicroStrategy in the 3rd quarter valued at approximately $419,000. Intech Investment Management LLC raised its position in MicroStrategy by 1,136.8% in the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after purchasing an additional 6,639 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after acquiring an additional 567,628 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSTR has been the subject of a number of recent analyst reports. Maxim Group lifted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Monness Crespi & Hardt started coverage on MicroStrategy in a research report on Wednesday, March 19th. They issued a “neutral” rating for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $536.90.

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.