Phong Le Sells 1,252 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 1,252 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. The trade was a 8.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Phong Le also recently made the following trade(s):

• On Thursday, August 22nd, Phong Le sold 50,000 shares of MicroStrategy stock. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00.

MicroStrategy Price Performance

Shares of NASDAQ MSTR traded up $12.98 during midday trading on Friday, reaching $340.65. The stock had a trading volume of 25,780,140 shares, compared to its average volume of 17,170,314. The stock has a 50-day moving average of $200.30 and a 200-day moving average of $163.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $69.03 billion, a price-to-earnings ratio of -157.24 and a beta of 3.05. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $383.40.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the company earned ($8.98) earnings per share.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its stake in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy in the 3rd quarter worth about $27,000. ST Germain D J Co. Inc. lifted its holdings in MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in MicroStrategy during the 3rd quarter valued at about $32,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research raised their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald started coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.13.

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.