MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $962,165.80 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 719 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $1,338.20, for a total transaction of $962,165.80. Following the completion of the transaction, the chairman now owns 719 shares in the company, valued at $962,165.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, April 19th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,201.07, for a total transaction of $6,005,350.00.
• On Wednesday, April 17th, Michael J. Saylor sold 2,482 shares of MicroStrategy stock. The shares were sold at an average price of $1,218.09, for a total transaction of $3,023,299.38.
• On Monday, April 15th, Michael J. Saylor sold 1,967 shares of MicroStrategy stock. The shares were sold at an average price of $1,457.20, for a total transaction of $2,866,312.40.
• On Friday, April 12th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,489.82, for a total transaction of $7,449,100.00.
• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.84, for a total transaction of $7,289,200.00.
• On Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,537.40, for a total transaction of $7,687,000.00.
• On Friday, April 5th, Michael J. Saylor sold 688 shares of MicroStrategy stock. The stock was sold at an average price of $1,657.49, for a total transaction of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,638.91, for a total transaction of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The stock was sold at an average price of $1,951.33, for a total transaction of $2,224,516.20.

MicroStrategy Trading Down 5.5 %

Shares of MSTR stock opened at $1,265.67 on Thursday. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99. The company has a market capitalization of $21.48 billion, a P/E ratio of 44.91 and a beta of 2.89. The firm has a 50-day moving average price of $1,329.10 and a 200 day moving average price of $797.33. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on MSTR shares. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. BTIG Research raised their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Benchmark raised their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 price objective on shares of MicroStrategy in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,473.00.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in MicroStrategy by 90.0% during the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after purchasing an additional 1,361 shares during the last quarter. Strong Tower Advisory Services bought a new position in MicroStrategy during the 4th quarter valued at about $6,566,000. International Assets Investment Management LLC bought a new position in MicroStrategy during the 4th quarter valued at about $12,367,000. Vanguard Group Inc. increased its position in MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in MicroStrategy in the 4th quarter valued at about $3,118,000. 72.03% of the stock is owned by institutional investors.

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.