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 dated Monday, April 22nd. The shares were sold at an average price of $1,338.20, for a total value of $962,165.80. Following the sale, the chairman now directly owns 719 shares in the company, valued at approximately $962,165.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, April 24th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00.
• On Friday, April 19th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was 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 stock was 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 stock was sold at an average price of $1,489.82, for a total value of $7,449,100.00.
• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were 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 value 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 stock was sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $1,240.41 on Friday. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The stock has a market cap of $21.05 billion, a PE ratio of 44.02 and a beta of 2.89. The business has a 50-day simple moving average of $1,339.55 and a 200-day simple moving average of $800.40.

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

Institutional Trading of MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. National Bank of Canada FI boosted its stake in shares of MicroStrategy by 4.7% during the 3rd quarter. National Bank of Canada FI now owns 2,723 shares of the software maker’s stock worth $889,000 after acquiring an additional 123 shares in the last quarter. Vontobel Holding Ltd. boosted its position in MicroStrategy by 72.0% during the third quarter. Vontobel Holding Ltd. now owns 1,025 shares of the software maker’s stock worth $336,000 after purchasing an additional 429 shares in the last quarter. CWM LLC grew its holdings in MicroStrategy by 22.6% in the third quarter. CWM LLC now owns 369 shares of the software maker’s stock valued at $121,000 after purchasing an additional 68 shares during the period. IFP Advisors Inc increased its position in shares of MicroStrategy by 2.9% in the third quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock valued at $497,000 after buying an additional 42 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in shares of MicroStrategy by 9.6% during the 3rd quarter. RFG Advisory LLC now owns 2,588 shares of the software maker’s stock worth $850,000 after buying an additional 226 shares during the period. 72.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.