Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells 2,482 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 2,482 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $1,218.09, for a total transaction of $3,023,299.38. Following the completion of the sale, the chairman now directly owns 2,482 shares of the company’s stock, valued at $3,023,299.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, April 15th, Michael J. Saylor sold 1,967 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.20, for a total transaction of $2,866,312.40.
• On Friday, April 12th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,489.82, for a total transaction 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 stock was 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 stock was 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 stock was sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The stock was sold at an average price of $1,951.33, for a total transaction of $2,224,516.20.
• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The stock was sold at an average price of $1,856.97, for a total transaction of $1,502,288.73.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The stock was sold at an average price of $1,680.49, for a total transaction of $2,117,417.40.

MicroStrategy Trading Up 1.7 %

Shares of MSTR stock opened at $1,208.16 on Friday. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 42.87 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average of $1,283.45 and a 200-day moving average of $767.64.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (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%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSTR. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. BTIG Research increased their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. TD Cowen reduced 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, Benchmark increased their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,473.00.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds have recently made changes to their positions in MSTR. Cresset Asset Management LLC increased its position in shares of MicroStrategy by 100.3% during the 4th quarter. Cresset Asset Management LLC now owns 922 shares of the software maker’s stock worth $582,000 after purchasing an additional 271,122 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MicroStrategy by 36.4% during the 1st quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock worth $431,960,000 after purchasing an additional 237,109 shares in the last quarter. Norges Bank acquired a new stake in shares of MicroStrategy during the 4th quarter worth about $70,990,000. Citigroup Inc. increased its position in shares of MicroStrategy by 102.9% during the 1st quarter. Citigroup Inc. now owns 2,858 shares of the software maker’s stock worth $835,000 after purchasing an additional 99,930 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of MicroStrategy during the 1st quarter worth about $41,969,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.