MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells $242,482.40 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeanine Montgomery also recently made the following trade(s):

• On Wednesday, November 6th, Jeanine Montgomery sold 56,250 shares of MicroStrategy stock. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50.

MicroStrategy Stock Up 4.0 %

MSTR opened at $340.65 on Monday. The company has a market capitalization of $69.03 billion, a PE ratio of -161.45 and a beta of 3.05. The business has a 50-day moving average of $204.83 and a 200-day moving average of $166.15. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $383.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MSTR. Allspring Global Investments Holdings LLC bought a new position in shares of MicroStrategy in the first quarter worth about $58,000. Sei Investments Co. grew its holdings in MicroStrategy by 36.3% in the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after buying an additional 153 shares during the last quarter. ProShare Advisors LLC increased its position in MicroStrategy by 31.2% in the 1st quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock worth $5,347,000 after buying an additional 746 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of MicroStrategy by 6.2% during the first quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock worth $1,227,000 after buying an additional 42 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of MicroStrategy in the first quarter valued at approximately $370,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSTR shares. BTIG Research increased their target price on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. TD Cowen lifted their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein lowered their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $271.13.

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.