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

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

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

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

MicroStrategy Stock Performance

MSTR opened at $329.31 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $84.75 billion, a price-to-earnings ratio of -58.46 and a beta of 3.36. The business’s 50-day moving average price is $316.62 and its two-hundred day moving average price is $292.37. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MSTR. Geode Capital Management LLC lifted its position in MicroStrategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares in the last quarter. Norges Bank bought a new stake in MicroStrategy during the fourth quarter worth about $523,981,000. Northern Trust Corp boosted its position in MicroStrategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after purchasing an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after purchasing an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Maxim Group boosted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Monness Crespi & Hardt started coverage on MicroStrategy in a research note on Wednesday, March 19th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $536.90.

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.