Phong Le Sells 50,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Phong Le also recently made the following trade(s):

• On Friday, August 16th, Phong Le sold 48,838 shares of MicroStrategy stock. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $16.20 on Friday, reaching $150.01. The stock had a trading volume of 17,688,114 shares, compared to its average volume of 17,075,533. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average is $145.33 and its two-hundred day moving average is $136.33. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -21.06 and a beta of 3.11. MicroStrategy Incorporated has a 12 month low of $30.71 and a 12 month high of $200.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 16.83% and a negative net margin of 43.69%. The firm had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was down 7.4% on a year-over-year basis.

Analyst Ratings Changes

MSTR has been the subject of several research analyst reports. Benchmark boosted their price target on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $204.70 to $182.60 and set a “buy” rating for the company in a report on Monday, June 24th. Maxim Group boosted their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. Finally, Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday. They issued an “overweight” rating and a $194.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.94.

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in MicroStrategy in the first quarter worth approximately $29,000. Principal Securities Inc. acquired a new position in shares of MicroStrategy during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd boosted its stake in MicroStrategy by 307.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after acquiring an additional 40 shares in the last quarter. Rise Advisors LLC increased its position in MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after buying an additional 14 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy in the 2nd quarter valued at $37,000. 72.03% of the stock is currently owned by institutional investors.

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.