MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells $2,866,312.40 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 1,967 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,457.20, for a total transaction of $2,866,312.40. Following the sale, the chairman now owns 3,836 shares in the company, valued at approximately $5,589,819.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 value 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 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.
• 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.
• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The stock was sold at an average price of $1,856.97, for a total value of $1,502,288.73.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The shares were sold at an average price of $1,680.49, for a total value of $2,117,417.40.

MicroStrategy Stock Down 2.8 %

MSTR stock opened at $1,174.11 on Friday. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 41.66 and a beta of 2.89. The company has a 50-day moving average of $1,294.00 and a two-hundred day moving average of $773.51. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The firm had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. TD Cowen reduced their price objective 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. BTIG Research increased 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. Benchmark raised their target price on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Canaccord Genuity Group reiterated 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,473.00.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC raised its stake in MicroStrategy by 71.6% during the 1st quarter. MetLife Investment Management LLC now owns 4,978 shares of the software maker’s stock valued at $2,421,000 after purchasing an additional 2,077 shares during the last quarter. Rhumbline Advisers raised its position in shares of MicroStrategy by 11.1% during the first quarter. Rhumbline Advisers now owns 10,810 shares of the software maker’s stock valued at $5,257,000 after buying an additional 1,078 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of MicroStrategy in the first quarter valued at about $235,000. Moors & Cabot Inc. grew its position in MicroStrategy by 22.3% during the first quarter. Moors & Cabot Inc. now owns 1,563 shares of the software maker’s stock worth $760,000 after buying an additional 285 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in MicroStrategy by 36.4% during the first quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock valued at $431,960,000 after acquiring an additional 237,109 shares during the period. 72.03% of the stock is owned by institutional investors.

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.