MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor Sells 5,000 Shares of Stock

Posted by Defense World Staff on Apr 23rd, 2024

MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report) Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $1,201.07, for a total value of $6,005,350.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

On Wednesday, April 17th, Michael J. Saylor sold 2,482 shares of MicroStrategy stock. The shares were sold at an average price of $1,218.09, for a total transaction of $3,023,299.38.
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 value of $2,866,312.40.
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 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 shares were sold at an average price of $1,657.49, for a total value 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 value 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 value 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.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $1,324.01 on Tuesday. The firm’s 50 day moving average price is $1,306.13 and its 200-day moving average price is $787.00. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $22.47 billion, a PE ratio of 46.98 and a beta of 2.89. MicroStrategy Incorporated has a twelve month low of $266.00 and a twelve month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The business had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Bay Rivers Group purchased a new stake in MicroStrategy during the first quarter valued at $361,000. Horizon Bancorp Inc. IN bought a new stake in shares of MicroStrategy in the 1st quarter worth about $264,000. Willis Johnson & Associates Inc. purchased a new stake in shares of MicroStrategy during the 1st quarter valued at about $201,000. Kovack Advisors Inc. bought a new position in shares of MicroStrategy in the 1st quarter valued at about $595,000. Finally, Abundance Wealth Counselors purchased a new position in MicroStrategy in the first quarter worth about $205,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen reduced their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Canaccord Genuity Group reissued a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday, March 28th. BTIG Research raised their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, Benchmark upped 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. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

Check Out Our Latest Stock Report on MSTR

About MicroStrategy

(Get Free Report)

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.