Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Director Sells $5,038,500.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value 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. The trade was a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

MicroStrategy Trading Down 10.8 %

Shares of MicroStrategy stock opened at $289.41 on Friday. The stock has a market cap of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The business’s 50 day moving average is $313.64 and its 200-day moving average is $293.74.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Maryland State Retirement & Pension System lifted its position in shares of MicroStrategy by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after buying an additional 30 shares during the last quarter. Family Management Corp lifted its holdings in MicroStrategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Oder Investment Management LLC raised its position in shares of MicroStrategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares during the period. Finally, Versant Capital Management Inc raised its holdings in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the period. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MSTR shares. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They issued a “neutral” rating on the stock. Cantor Fitzgerald increased their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. One equities 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. According to data from MarketBeat, the company presently 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.