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

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 46 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $359.56, for a total transaction of $16,539.76. Following the completion of the sale, the chief accounting officer now directly owns 6,472 shares of the company’s stock, valued at approximately $2,327,072.32. This trade 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 through 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 value 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 Performance

Shares of MSTR stock opened at $411.62 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $228.07 and a 200-day simple moving average of $173.86. The company has a market cap of $83.41 billion, a price-to-earnings ratio of -183.65 and a beta of 3.05. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 business had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the company posted ($8.98) EPS. The company’s revenue was down 10.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

MSTR has been the topic of several research analyst reports. Barclays lifted their price target on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Sanford C. Bernstein cut their target price on shares of 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 price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Benchmark upped their target price on shares of MicroStrategy from $300.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $331.13.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in MicroStrategy during the first quarter worth about $58,000. Sei Investments Co. boosted its stake in shares of MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock worth $980,000 after acquiring an additional 153 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of MicroStrategy in the 1st quarter worth approximately $309,000. O Shaughnessy Asset Management LLC grew its holdings in shares of MicroStrategy by 23.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 720 shares of the software maker’s stock worth $1,227,000 after acquiring an additional 136 shares during the period. Finally, American International Group Inc. increased its stake in MicroStrategy by 20.7% in the 1st quarter. American International Group Inc. now owns 7,326 shares of the software maker’s stock valued at $12,488,000 after purchasing an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.