Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Director Sells $255,356.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTRGet Free Report) Director Jarrod M. Patten sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $638.39, for a total transaction of $255,356.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jarrod M. Patten also recently made the following trade(s):

  • On Thursday, December 21st, Jarrod M. Patten sold 200 shares of MicroStrategy stock. The stock was sold at an average price of $582.57, for a total transaction of $116,514.00.
  • On Tuesday, December 19th, Jarrod M. Patten sold 200 shares of MicroStrategy stock. The stock was sold at an average price of $587.45, for a total transaction of $117,490.00.

MicroStrategy Price Performance

Shares of MSTR stock opened at $646.32 on Monday. The company has a market capitalization of $9.38 billion, a PE ratio of 22.94 and a beta of 2.61. The firm has a fifty day simple moving average of $557.37 and a 200-day simple moving average of $449.88. The company has a current ratio of 0.83, a quick ratio of 0.75 and a debt-to-equity ratio of 1.01. MicroStrategy Incorporated has a twelve month low of $188.30 and a twelve month high of $727.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MSTR. Vanguard Group Inc. boosted its stake in MicroStrategy by 36.4% during the 1st quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock valued at $431,960,000 after acquiring an additional 237,109 shares during the last quarter. Norges Bank bought a new position in MicroStrategy during the 4th quarter valued at $70,990,000. Citigroup Inc. boosted its stake in MicroStrategy by 102.9% during the 1st quarter. Citigroup Inc. now owns 2,858 shares of the software maker’s stock valued at $835,000 after acquiring an additional 99,930 shares during the last quarter. Renaissance Technologies LLC bought a new position in MicroStrategy during the 1st quarter valued at $41,969,000. Finally, Balyasny Asset Management L.P. bought a new position in MicroStrategy during the 1st quarter valued at $20,519,000. 49.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MSTR shares. BTIG Research boosted their price objective on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. TheStreet upgraded shares of MicroStrategy from a “d+” rating to a “c-” rating in a research note on Friday, November 17th. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $670.00 to $791.00 and gave the company a “buy” rating in a research note on Thursday, December 28th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $607.75.

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MicroStrategy Company Profile

(Get Free Report)

MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.

See Also

Insider Buying and Selling by Quarter for MicroStrategy (NASDAQ:MSTR)

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