MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells $719,433.10 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 2,185 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were 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 of the company’s stock, valued at $5,009,690.90. This trade represents a 12.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Andrew Kang also recently made the following trade(s):

• On Thursday, March 20th, Andrew Kang purchased 1,500 shares of MicroStrategy stock. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00.

MicroStrategy Trading Down 10.8 %

Shares of MicroStrategy stock opened at $289.41 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company’s fifty day moving average is $313.64 and its two-hundred day moving average is $293.74.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MSTR. National Bank of Canada FI grew its position in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth about $81,783,000. Clarity Capital Partners LLC increased its stake in shares of MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy in the third quarter valued at about $254,000. Finally, Wellington Management Group LLP boosted its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MSTR shares. Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They issued a “neutral” rating for the company. Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group lowered their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy has an average rating of “Buy” and a consensus price target 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.