MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells $1,465,755.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

MicroStrategy Stock Down 0.1 %

Shares of NASDAQ:MSTR traded down $0.33 during midday trading on Friday, hitting $270.48. 17,657,977 shares of the company’s stock were exchanged, compared to its average volume of 16,705,537. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $280.80. The company has a market cap of $47.98 billion, a PE ratio of -131.40 and a beta of 3.05. The stock has a 50 day moving average price of $180.47 and a 200-day moving average price of $157.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.47.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Capital International Investors boosted its holdings in MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after purchasing an additional 232,667 shares during the period. Vanguard Group Inc. boosted its holdings in MicroStrategy by 34.8% in the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after purchasing an additional 401,071 shares during the period. Swiss National Bank boosted its holdings in MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after purchasing an additional 421,600 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after purchasing an additional 314,007 shares during the period. Finally, National Pension Service boosted its holdings in MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after purchasing an additional 220,500 shares during the period. 72.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on MSTR. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price on the stock. TD Cowen lifted their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Maxim Group lifted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark lifted their price target on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research lifted their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.