MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells $1,465,755.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

MicroStrategy Price Performance

MicroStrategy stock traded down $0.33 during mid-day trading on Friday, reaching $270.48. The company had a trading volume of 17,657,977 shares, compared to its average volume of 16,705,537. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $280.80. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a market cap of $47.98 billion, a P/E ratio of -131.40 and a beta of 3.05. The business has a fifty day simple moving average of $180.47 and a 200 day simple moving average of $157.04.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the prior year, the business earned ($8.98) EPS. The business’s quarterly revenue was down 10.3% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Barclays raised their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday. Maxim Group raised their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein lowered 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. Finally, Benchmark raised their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $271.13.

Institutional Trading of MicroStrategy

Hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of MicroStrategy during the second quarter worth $37,000. GAMMA Investing LLC lifted its holdings in shares of MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of MicroStrategy during the first quarter worth $58,000. Signaturefd LLC lifted its holdings in shares of MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy during the second quarter worth $106,000. Institutional investors and hedge funds 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.