MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang Sells 5,700 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MicroStrategy Stock Performance

MSTR opened at $270.42 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average price is $183.23 and its two-hundred day moving average price is $158.00. The firm has a market capitalization of $54.80 billion, a P/E ratio of -128.34 and a beta of 3.05. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $280.80.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $121.45 million. During the same period last year, the firm posted ($8.98) EPS. The company’s revenue was down 10.3% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several analysts have commented on MSTR shares. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Canaccord Genuity Group increased their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen upped their price target on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark increased their price objective on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research boosted their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently made changes to their positions in the stock. National Pension Service raised its stake in shares of MicroStrategy by 900.0% in the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after purchasing an additional 220,500 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. raised its stake in shares of MicroStrategy by 973.5% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,380 shares of the software maker’s stock valued at $738,000 after buying an additional 3,972 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of MicroStrategy by 3,905.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,605 shares of the software maker’s stock valued at $608,000 after buying an additional 3,515 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of MicroStrategy by 857.4% during the 3rd quarter. Gulf International Bank UK Ltd now owns 12,302 shares of the software maker’s stock valued at $2,074,000 after acquiring an additional 11,017 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of MicroStrategy by 1,065.3% during the 3rd quarter. Van ECK Associates Corp now owns 154,548 shares of the software maker’s stock valued at $26,057,000 after acquiring an additional 141,286 shares in the last quarter. Institutional investors 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.