Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) EVP Sells 2,051 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sold 2,051 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $675,312.26. Following the sale, the executive vice president now owns 10,597 shares in the company, valued at $3,489,168.22. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Wei-Ming Shao also recently made the following trade(s):

• On Thursday, March 20th, Wei-Ming Shao acquired 500 shares of MicroStrategy stock. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00.

MicroStrategy Stock Performance

MSTR traded down $12.50 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 business’s 50-day moving average price is $317.25 and its two-hundred day moving average price is $292.11. The company has a market cap of $84.75 billion, a P/E ratio of -58.46 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. Riverview Trust Co purchased a new position in MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new position in MicroStrategy during the fourth quarter worth $26,000. Finally, Sunbelt Securities Inc. grew its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MSTR shares. Maxim Group lifted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays reduced their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Mizuho began coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $536.90.

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.