Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $962,165.80 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 719 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $1,338.20, for a total value of $962,165.80. Following the transaction, the chairman now owns 719 shares in the company, valued at approximately $962,165.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, April 24th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00.
• 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 value 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 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 value 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 value 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 value 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 value of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.

MicroStrategy Trading Down 2.0 %

NASDAQ:MSTR opened at $1,240.41 on Friday. The company has a 50 day simple moving average of $1,339.55 and a two-hundred day simple moving average of $800.40. The company has a market cap of $21.05 billion, a PE ratio of 44.02 and a beta of 2.89. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99.

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

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently made changes to their positions in the company. Rise Advisors LLC boosted its holdings in shares of MicroStrategy by 233.3% in 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 position in shares of MicroStrategy during the 1st quarter worth $29,000. CWM LLC boosted its stake in shares of MicroStrategy by 7.3% during the 4th quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after acquiring an additional 27 shares during the last quarter. Signaturefd LLC grew its position in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after acquiring an additional 29 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of MicroStrategy by 30.7% in the 4th 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. 72.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BTIG Research upped 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. TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Benchmark reiterated a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research note on Thursday. Canaccord Genuity Group restated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday, March 28th. Finally, StockNews.com raised MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

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.