Jeanine Montgomery Sells 46 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 46 shares of MicroStrategy stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $359.56, for a total value of $16,539.76. Following the transaction, the chief accounting officer now owns 6,472 shares of the company’s stock, valued at $2,327,072.32. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jeanine Montgomery also recently made the following trade(s):

• On Thursday, November 14th, Jeanine Montgomery sold 752 shares of MicroStrategy stock. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40.
• On Wednesday, November 6th, Jeanine Montgomery sold 56,250 shares of MicroStrategy stock. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50.

MicroStrategy Stock Up 11.9 %

MicroStrategy stock opened at $430.54 on Wednesday. The stock has a market capitalization of $87.24 billion, a PE ratio of -204.34 and a beta of 3.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $449.00. The company has a 50 day moving average of $216.04 and a 200-day moving average of $170.24.

MicroStrategy (NASDAQ:MSTR) last posted 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 business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BTIG Research upped their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. Sanford C. Bernstein lowered their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Benchmark boosted their target price on MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $289.88.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in MicroStrategy by 971.3% during 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 worth $107,855,000 after buying an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after acquiring an additional 567,628 shares during the last quarter. Swiss National Bank raised its position in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after acquiring an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after acquiring an additional 314,007 shares in the last quarter. Institutional investors and hedge funds own 72.03% 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.