MicroStrategy Incorporated (NASDAQ:MSTR) Director Sells $5,038,500.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

MicroStrategy Stock Down 10.8 %

Shares of MSTR opened at $289.41 on Friday. The stock has a market capitalization of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a fifty day moving average of $313.64 and a 200-day moving average of $293.74.

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

Wall Street Analyst Weigh In

MSTR has been the subject of a number of analyst reports. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Barclays dropped their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One research 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 a consensus price target of $536.90.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently added to or reduced their stakes in MSTR. Thrivent Financial for Lutherans lifted its holdings in shares of MicroStrategy by 1,486.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after purchasing an additional 5,069 shares during the period. Quest Partners LLC acquired a new position in MicroStrategy during the 3rd quarter worth about $208,000. Commerce Bank bought a new stake in shares of MicroStrategy in the 3rd quarter valued at about $419,000. Intech Investment Management LLC increased its stake in shares of MicroStrategy by 1,136.8% in the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after buying an additional 6,639 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after acquiring an additional 567,628 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.