Phong Le Sells 3,281 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 3,281 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $1,080,302.06. Following the sale, the chief executive officer now directly owns 18,165 shares of the company’s stock, valued at approximately $5,981,007.90. This represents a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, March 20th, Phong Le bought 6,000 shares of MicroStrategy stock. The shares were acquired at an average price of $85.00 per share, with a total value of $510,000.00.

MicroStrategy Stock Performance

MSTR stock traded down $12.50 during trading hours on Wednesday, reaching $329.31. The stock had a trading volume of 16,640,075 shares, compared to its average volume of 17,936,275. The stock has a 50-day simple moving average of $317.25 and a 200 day simple moving average of $292.11. The stock has a market capitalization of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $536.90.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System lifted its position in MicroStrategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after purchasing an additional 30 shares during the period. Family Management Corp lifted its stake in MicroStrategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after buying an additional 35 shares during the last quarter. Oder Investment Management LLC increased its holdings in MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after purchasing an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.