MicroStrategy (NASDAQ:MSTR) Stock Price Down 2% After Insider Selling

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 2% during trading on Wednesday following insider selling activity. The company traded as low as $325.82 and last traded at $335.01. Approximately 6,450,641 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 17,897,928 shares. The stock had previously closed at $341.81.

Specifically, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 2,185 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.26, for a total value of $719,433.10. Following the transaction, the chief financial officer now owns 15,215 shares in the company, valued at $5,009,690.90. This trade represents a 12.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other MicroStrategy news, EVP Wei-Ming Shao sold 2,051 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $675,312.26. Following the completion of the sale, the executive vice president now owns 10,597 shares in the company, valued at $3,489,168.22. The trade was a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Monness Crespi & Hardt started coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating on the stock. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Maxim Group increased their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

The business has a fifty day moving average price of $315.78 and a 200 day moving average price of $292.60. 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 $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36.

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 Investors Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after purchasing an additional 2,512,645 shares during the period. Norges Bank bought a new stake in MicroStrategy in the fourth quarter worth about $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in MicroStrategy by 971.3% in the 3rd 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 during the last quarter. Amundi boosted its position in shares of MicroStrategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of MicroStrategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Institutional investors own 59.84% 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.