Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells $719,433.10 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 2,185 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $719,433.10. Following the completion of the sale, the chief financial officer now directly owns 15,215 shares in the company, valued at $5,009,690.90. This represents a 12.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Andrew Kang also recently made the following trade(s):

• On Thursday, March 20th, Andrew Kang purchased 1,500 shares of MicroStrategy stock. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00.

MicroStrategy Stock Performance

MSTR stock traded down $12.50 during mid-day trading on Wednesday, hitting $329.31. 16,640,075 shares of the company were exchanged, compared to its average volume of 17,936,275. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The stock has a market capitalization of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. The business has a 50 day simple moving average of $317.25 and a 200-day simple moving average of $292.11. 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 for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MSTR. National Bank of Canada FI increased its stake in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares during the period. Proficio Capital Partners LLC bought a new position in shares of MicroStrategy in the fourth quarter worth $81,783,000. Clarity Capital Partners LLC raised its stake in MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after purchasing an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in MicroStrategy during the third quarter worth about $254,000. Finally, Wellington Management Group LLP grew its stake in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after buying an additional 6,104 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MSTR. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Barclays decreased their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Finally, Monness Crespi & Hardt started coverage on shares of MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating on the stock. One 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $536.90.

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.