MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells $242,482.40 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. The trade was a 10.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $14,479,312.50.

MicroStrategy Stock Performance

MSTR stock opened at $340.65 on Friday. The company has a fifty day moving average price of $204.83 and a 200 day moving average price of $165.71. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $383.40.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate 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 company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter last year, the company earned ($8.98) EPS. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Institutional Trading of MicroStrategy

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares during the last quarter. Cigna Investments Inc. New boosted its position in shares of MicroStrategy by 5.1% in the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after buying an additional 8 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after acquiring an additional 11 shares during the last quarter. Finally, Dakota Wealth Management grew its position in shares of MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MSTR shares. Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen raised their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark lifted their price objective on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays increased their target price on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.13.

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.