MicroStrategy Incorporated (NASDAQ:MSTR) CEO Sells $403,707.40 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 1,252 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. The trade was a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Phong Le also recently made the following trade(s):

• On Thursday, August 22nd, Phong Le sold 50,000 shares of MicroStrategy stock. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00.

MicroStrategy Trading Up 4.0 %

Shares of MSTR stock opened at $340.65 on Friday. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $383.40. The stock’s fifty day simple moving average is $204.83 and its 200 day simple moving average is $165.30. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $69.03 billion, a P/E ratio of -161.67 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the firm posted ($8.98) earnings per share.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of MicroStrategy in the first quarter worth $58,000. Sei Investments Co. grew its position in shares of MicroStrategy by 36.3% in the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after buying an additional 153 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of MicroStrategy by 31.2% in the first quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock valued at $5,347,000 after buying an additional 746 shares during the period. Kingsview Wealth Management LLC raised its position in shares of MicroStrategy by 6.2% during the first quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock worth $1,227,000 after acquiring an additional 42 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of MicroStrategy in the first quarter worth approximately $370,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MSTR shares. TD Cowen increased their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein decreased their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research boosted their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

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.