Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells 752 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Jeanine Montgomery also recently made the following trade(s):

• On Wednesday, November 6th, Jeanine Montgomery sold 56,250 shares of MicroStrategy stock. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50.

MicroStrategy Stock Performance

MSTR traded up $12.98 on Friday, reaching $340.65. 25,780,140 shares of the stock were exchanged, compared to its average volume of 17,170,314. The company’s 50-day moving average price is $200.30 and its 200 day moving average price is $163.83. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $383.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $69.03 billion, a PE ratio of -157.24 and a beta of 3.05.

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

Institutional Trading of MicroStrategy

Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares during the last quarter. Hartline Investment Corp boosted its position in MicroStrategy by 1,064.6% during the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after purchasing an additional 4,865 shares in the last quarter. National Pension Service boosted its position in MicroStrategy by 900.0% during the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after purchasing an additional 220,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in MicroStrategy by 848.8% during the third quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock worth $6,239,000 after purchasing an additional 33,105 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in MicroStrategy by 1,517.4% during the third quarter. Concurrent Investment Advisors LLC now owns 3,623 shares of the software maker’s stock worth $611,000 after purchasing an additional 3,399 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Benchmark raised their price objective on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein cut their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Cantor Fitzgerald assumed coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. Barclays lifted their price target on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Maxim Group lifted their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.