Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells 719 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 719 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $1,338.20, for a total transaction of $962,165.80. Following the sale, the chairman now owns 719 shares of the company’s stock, valued at $962,165.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, April 19th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,201.07, for a total transaction of $6,005,350.00.
• On Wednesday, April 17th, Michael J. Saylor sold 2,482 shares of MicroStrategy stock. The stock was 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 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 shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20.

MicroStrategy Stock Up 1.1 %

MSTR opened at $1,338.64 on Wednesday. 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 company’s 50-day moving average is $1,319.19 and its 200 day moving average is $794.03. MicroStrategy Incorporated has a fifty-two week low of $266.00 and a fifty-two week high of $1,999.99. The firm has a market capitalization of $22.72 billion, a P/E ratio of 47.50 and a beta of 2.89.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BTIG Research raised their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Benchmark raised their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. TD Cowen dropped their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,473.00.

Institutional Trading of MicroStrategy

A number of large investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC increased its holdings in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after buying an additional 14 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy during the first quarter worth about $29,000. CWM LLC increased its holdings in MicroStrategy by 7.3% during the fourth quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after buying an additional 27 shares during the last quarter. Signaturefd LLC increased its holdings in MicroStrategy by 85.3% during the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after buying an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of MicroStrategy by 30.7% in the fourth quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock worth $83,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other 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.