MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $6,479,000.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, April 22nd, Michael J. Saylor sold 719 shares of MicroStrategy stock. The shares were sold at an average price of $1,338.20, for a total transaction of $962,165.80.
• On Friday, April 19th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were 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 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 shares were 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 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 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.

MicroStrategy Stock Down 2.0 %

MicroStrategy stock traded down $25.26 during mid-day trading on Thursday, reaching $1,240.41. The stock had a trading volume of 768,675 shares, compared to its average volume of 2,155,917. The company has a market capitalization of $21.05 billion, a price-to-earnings ratio of 44.02 and a beta of 2.89. The company has a 50-day moving average price of $1,339.55 and a two-hundred day moving average price of $800.40. MicroStrategy Incorporated has a one year low of $266.00 and a one year high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last posted its 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 for the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. Norges Bank purchased a new stake in shares of MicroStrategy during the 4th quarter valued at about $70,990,000. Vanguard Group Inc. increased its position in shares of MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after purchasing an additional 103,107 shares during the last quarter. APEIRON CAPITAL Ltd purchased a new stake in shares of MicroStrategy during the 1st quarter valued at about $53,864,000. UBS Group AG increased its position in shares of MicroStrategy by 376.9% during the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock valued at $11,984,000 after purchasing an additional 28,850 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of MicroStrategy during the 4th quarter valued at about $12,367,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MSTR shares. BTIG Research lifted their target price on shares of 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 note on Monday, March 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday, March 28th. TD Cowen decreased their target price 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, Benchmark reissued a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,473.00.

About MicroStrategy

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.