Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $1,502,288.73 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 809 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $1,856.97, for a total value of $1,502,288.73. Following the transaction, the chairman now owns 2,660 shares in the company, valued at $4,939,540.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The shares were sold at an average price of $1,680.49, for a total value of $2,117,417.40.
• On Tuesday, March 19th, Michael J. Saylor sold 1,331 shares of MicroStrategy stock. The shares were sold at an average price of $1,416.13, for a total value of $1,884,869.03.
• On Friday, March 15th, Michael J. Saylor sold 1,600 shares of MicroStrategy stock. The shares were sold at an average price of $1,785.98, for a total value of $2,857,568.00.
• On Tuesday, March 12th, Michael J. Saylor sold 1,693 shares of MicroStrategy stock. The shares were sold at an average price of $1,558.03, for a total value of $2,637,744.79.
• On Tuesday, March 5th, Michael J. Saylor sold 2,063 shares of MicroStrategy stock. The shares were sold at an average price of $1,259.56, for a total value of $2,598,472.28.
• On Friday, February 23rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $691.51, for a total value of $3,457,550.00.
• On Tuesday, February 13th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $683.33, for a total value of $3,416,650.00.
• On Friday, February 9th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $634.03, for a total value of $3,170,150.00.
• On Wednesday, February 7th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $491.32, for a total value of $2,456,600.00.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $1,704.56 on Friday. The stock has a market cap of $28.93 billion, a PE ratio of 60.49 and a beta of 2.82. The business has a 50-day simple moving average of $989.63 and a 200-day simple moving average of $648.76. 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 Incorporated has a 52-week low of $255.45 and a 52-week high of $1,999.99.

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

Analyst Ratings Changes

Several research analysts recently weighed in on MSTR shares. Benchmark started coverage on MicroStrategy in a research note on Tuesday, February 27th. They set a “buy” rating and a $990.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. BTIG Research lifted their price target on MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, TD Cowen lowered their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,074.00.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors lifted its holdings in shares of MicroStrategy by 0.3% in the 4th quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock valued at $984,631,000 after buying an additional 4,858 shares during the period. Vanguard Group Inc. lifted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock valued at $727,612,000 after buying an additional 24,997 shares during the period. Capital World Investors raised its holdings in MicroStrategy by 5.9% in the 1st quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock worth $302,949,000 after purchasing an additional 34,945 shares during the period. First Trust Advisors LP raised its holdings in MicroStrategy by 31.9% in the 1st quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock worth $110,297,000 after purchasing an additional 54,911 shares during the period. Finally, Geode Capital Management LLC raised its holdings in MicroStrategy by 16.4% in the 2nd quarter. Geode Capital Management LLC now owns 221,013 shares of the software maker’s stock worth $75,679,000 after purchasing an additional 31,090 shares during the period. Institutional investors and hedge funds 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.