MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $7,449,100.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,489.82, for a total value of $7,449,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value 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 shares were 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 shares were 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 shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20.
• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The stock was sold at an average price of $1,856.97, for a total value of $1,502,288.73.
• 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 stock was sold at an average price of $1,416.13, for a total transaction of $1,884,869.03.
• On Friday, March 15th, Michael J. Saylor sold 1,600 shares of MicroStrategy stock. The stock was sold at an average price of $1,785.98, for a total transaction of $2,857,568.00.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $1,254.03 on Wednesday. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 44.50 and a beta of 2.89. The firm has a fifty day moving average of $1,257.44 and a two-hundred day moving average of $761.58.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSTR. Benchmark raised their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a report on Monday, April 8th. BTIG Research increased their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research report on Thursday, March 28th. StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, TD Cowen lowered their price objective 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,473.00.

Institutional Trading of MicroStrategy

A number of hedge funds have recently modified their holdings of MSTR. Capital International Investors increased its stake in MicroStrategy by 0.3% in the fourth quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock valued at $984,631,000 after purchasing an additional 4,858 shares in the last quarter. Vanguard Group Inc. grew 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 grew its holdings in shares of MicroStrategy by 5.9% in the 1st quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock valued at $302,949,000 after buying an additional 34,945 shares during the period. First Trust Advisors LP increased its position in shares of MicroStrategy by 31.9% in the 1st quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock valued at $110,297,000 after buying an additional 54,911 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in MicroStrategy by 7.1% during the 1st quarter. Geode Capital Management LLC now owns 189,923 shares of the software maker’s stock worth $55,518,000 after buying an additional 12,613 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.