MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells $158,378.87 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MicroStrategy Trading Down 10.8 %

NASDAQ MSTR opened at $289.41 on Friday. 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 52 week low of $101.00 and a 52 week high of $543.00. The business has a 50 day moving average price of $313.64 and a 200-day moving average price of $293.74. The company has a market cap of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36.

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

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently added to or reduced their stakes in MSTR. Quadrant Capital Group LLC increased its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co bought a new stake in MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy in the 4th quarter valued at $25,000. Dunhill Financial LLC bought a new position in MicroStrategy during the 4th quarter valued at $26,000. Finally, Safe Harbor Fiduciary LLC boosted its holdings in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MSTR shares. Monness Crespi & Hardt started coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Finally, Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One investment 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, the company currently has a consensus rating of “Buy” and a consensus target price of $536.90.

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.