Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CEO Sells 1,252 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 1,252 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Phong Le also recently made the following trade(s):

• On Thursday, August 22nd, Phong Le sold 50,000 shares of MicroStrategy stock. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00.

MicroStrategy Trading Up 4.0 %

Shares of MSTR stock opened at $340.65 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $69.03 billion, a price-to-earnings ratio of -161.67 and a beta of 3.05. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $383.40. The firm has a fifty day moving average price of $204.83 and a 200-day moving average price of $165.71.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the company earned ($8.98) EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent analyst reports. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. BTIG Research boosted their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Benchmark raised their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen boosted their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays raised their price target on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $271.13.

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. Capital International Investors increased its stake in MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after buying an additional 232,667 shares in the last quarter. Vanguard Group Inc. raised its holdings in MicroStrategy by 34.8% during the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after acquiring an additional 401,071 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MicroStrategy by 587.4% during the third 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after acquiring an additional 579,994 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Company Profile

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.