MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $2,866,312.40 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 1,967 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,457.20, for a total value of $2,866,312.40. Following the completion of the sale, the chairman now directly owns 3,836 shares in the company, valued at approximately $5,589,819.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Michael J. Saylor also recently made the following trade(s):

• On Friday, April 12th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,489.82, for a total value of $7,449,100.00.
• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.84, for a total transaction of $7,289,200.00.
• On Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,537.40, for a total transaction of $7,687,000.00.
• On Friday, April 5th, Michael J. Saylor sold 688 shares of MicroStrategy stock. The stock was sold at an average price of $1,657.49, for a total transaction of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,638.91, for a total transaction of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,630.88, for a total value of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20.
• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The shares were sold at an average price of $1,856.97, for a total value of $1,502,288.73.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The shares were sold at an average price of $1,680.49, for a total value of $2,117,417.40.
• On Tuesday, March 19th, Michael J. Saylor sold 1,331 shares of MicroStrategy stock. The stock was sold at an average price of $1,416.13, for a total transaction of $1,884,869.03.

MicroStrategy Stock Performance

MicroStrategy stock opened at $1,188.05 on Thursday. The stock has a 50-day simple moving average of $1,271.04 and a 200 day simple moving average of $764.56. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 42.16 and a beta of 2.89. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The company had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Institutional Trading of MicroStrategy

Several hedge funds and other institutional investors have recently modified their holdings of MSTR. ST Germain D J Co. Inc. bought a new position in MicroStrategy in the first quarter valued at approximately $29,000. Principal Securities Inc. bought a new position in MicroStrategy in the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after acquiring an additional 40 shares in the last quarter. Rise Advisors LLC increased its holdings in MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of MicroStrategy during the third quarter worth $37,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark raised their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. BTIG Research upped their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $1,473.00.

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.