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 firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $1,080,302.06. Following the completion of the sale, the chief executive officer now owns 18,165 shares of the company’s stock, valued at approximately $5,981,007.90. The trade was a 15.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

MicroStrategy Price Performance

MSTR stock opened at $324.59 on Friday. The stock’s 50 day moving average price is $315.78 and its 200 day moving average price is $292.60. The firm has a market cap of $83.53 billion, a P/E ratio of -57.62 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Maxim Group upped their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has a consensus rating of “Buy” and a consensus target price of $536.90.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the fourth quarter valued at $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the 4th quarter worth about $25,000. Quadrant Capital Group LLC boosted its stake in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in MicroStrategy in the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. increased its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.