Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $2,224,516.20 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 1,140 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the sale, the chairman now directly owns 1,140 shares in the company, valued at $2,224,516.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 value 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 value of $2,117,417.40.
• On Tuesday, March 19th, Michael J. Saylor sold 1,331 shares of MicroStrategy stock. The shares were sold at an average price of $1,416.13, for a total value of $1,884,869.03.
• On Friday, March 15th, Michael J. Saylor sold 1,600 shares of MicroStrategy stock. The stock was sold at an average price of $1,785.98, for a total transaction of $2,857,568.00.
• On Tuesday, March 12th, Michael J. Saylor sold 1,693 shares of MicroStrategy stock. The stock was sold at an average price of $1,558.03, for a total transaction of $2,637,744.79.
• On Tuesday, March 5th, Michael J. Saylor sold 2,063 shares of MicroStrategy stock. The stock was sold at an average price of $1,259.56, for a total transaction of $2,598,472.28.
• On Friday, February 23rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $691.51, for a total value of $3,457,550.00.
• On Tuesday, February 13th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $683.33, for a total transaction of $3,416,650.00.
• On Friday, February 9th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $634.03, for a total value of $3,170,150.00.
• On Wednesday, February 7th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $491.32, for a total transaction of $2,456,600.00.

MicroStrategy Stock Performance

Shares of MicroStrategy stock traded down $214.60 on Thursday, reaching $1,704.56. 4,530,729 shares of the company traded hands, compared to its average volume of 2,304,881. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $28.93 billion, a PE ratio of 61.95 and a beta of 2.82. MicroStrategy Incorporated has a 52 week low of $255.45 and a 52 week high of $1,999.99. The company has a 50 day moving average of $965.27 and a 200 day moving average of $641.38.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MSTR shares. BTIG Research increased their target price on MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a report on Monday, December 11th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a report on Thursday. Benchmark assumed coverage on shares of MicroStrategy in a research note on Tuesday, February 27th. They issued a “buy” rating and a $990.00 price objective for the company. Finally, 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 research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,074.00.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in MicroStrategy in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd lifted its holdings in MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after buying an additional 40 shares during the period. Harbour Investments Inc. raised its stake in MicroStrategy by 2,800.0% in the fourth quarter. Harbour Investments Inc. now owns 58 shares of the software maker’s stock worth $37,000 after buying an additional 56 shares in the last quarter. Signaturefd LLC grew its holdings in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of MicroStrategy by 246.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 90 shares of the software maker’s stock worth $57,000 after acquiring an additional 64 shares in the last quarter. Institutional investors 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.