Wei-Ming Shao Sells 2,051 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sold 2,051 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $675,312.26. Following the completion of the sale, the executive vice president now owns 10,597 shares in the company, valued at $3,489,168.22. This trade represents a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wei-Ming Shao also recently made the following trade(s):

• On Thursday, March 20th, Wei-Ming Shao bought 500 shares of MicroStrategy stock. The stock was purchased at an average price of $85.00 per share, for a total transaction of $42,500.00.

MicroStrategy Stock Down 1.4 %

Shares of NASDAQ:MSTR opened at $324.59 on Friday. The company has a 50 day moving average price of $315.78 and a two-hundred day moving average price of $292.60. The company has a market capitalization of $83.53 billion, a PE ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last issued 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%.

Analyst Ratings Changes

MSTR has been the subject of several analyst reports. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Monness Crespi & Hardt began coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Barclays lowered their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MicroStrategy has a consensus rating of “Buy” and an average target price of $536.90.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in MicroStrategy by 1,486.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after buying an additional 5,069 shares during the period. Quest Partners LLC acquired a new position in shares of MicroStrategy in the third quarter valued at approximately $208,000. Commerce Bank bought a new stake in shares of MicroStrategy during the third quarter worth $419,000. Intech Investment Management LLC raised its holdings in shares of MicroStrategy by 1,136.8% during the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock worth $1,218,000 after acquiring an additional 6,639 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 567,628 shares in the last quarter. Institutional investors own 59.84% 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.