Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells 5,000 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $1,201.07, for a total transaction of $6,005,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 22nd, Michael J. Saylor sold 719 shares of MicroStrategy stock. The stock was sold at an average price of $1,338.20, for a total value of $962,165.80.
• 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 value 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 value 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 shares were 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 shares were 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 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 value 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 value of $2,224,516.20.

MicroStrategy Price Performance

MSTR opened at $1,338.64 on Wednesday. MicroStrategy Incorporated has a 1 year low of $266.00 and a 1 year high of $1,999.99. The company’s 50 day simple moving average is $1,319.19 and its 200 day simple moving average is $794.03. The stock has a market capitalization of $22.72 billion, a PE ratio of 47.50 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The company had revenue of $124.48 million during 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

Institutional investors have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in MicroStrategy in the first quarter valued at approximately $29,000. Principal Securities Inc. acquired a new stake in MicroStrategy in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its position in MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares during the period. Rise Advisors LLC lifted its stake in shares of 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 purchasing an additional 14 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of MicroStrategy in the third quarter worth about $37,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark boosted their target price 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. BTIG Research boosted their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. TD Cowen lowered their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $1,810.00 price target 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently 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.