Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CEO Sells 1,252 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 1,252 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 22nd, Phong Le sold 50,000 shares of MicroStrategy stock. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00.

MicroStrategy Trading Up 4.0 %

Shares of MSTR opened at $340.65 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $383.40. The firm has a 50-day moving average price of $204.83 and a 200 day moving average price of $166.15. The firm has a market capitalization of $69.03 billion, a P/E ratio of -161.45 and a beta of 3.05.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSTR shares. TD Cowen upped their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Canaccord Genuity Group increased their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays increased their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, BTIG Research increased their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares during the period. GAMMA Investing LLC boosted its stake in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares during the period. Cigna Investments Inc. New boosted its stake in MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after buying an additional 8 shares during the period. Crossmark Global Holdings Inc. boosted its stake in MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after buying an additional 11 shares during the period. Finally, Dakota Wealth Management boosted its stake in MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.