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

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction dated 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 sale was disclosed in a legal 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 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 transaction of $962,165.80.
• 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.

MicroStrategy Price Performance

MSTR opened at $1,282.38 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The company has a 50 day moving average of $1,351.21 and a two-hundred day moving average of $806.94. The company has a market cap of $21.76 billion, a P/E ratio of 45.51 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $134.90 million.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday. 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 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 cut 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 report on Wednesday, March 20th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,473.00.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors have recently bought and sold shares of MSTR. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy during the first quarter worth approximately $29,000. Principal Securities Inc. purchased a new stake in MicroStrategy during the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd boosted its stake in shares of 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 boosted its stake in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of MicroStrategy in the third quarter valued at $37,000. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

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.