Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells 2,482 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 2,482 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $1,218.09, for a total transaction of $3,023,299.38. Following the completion of the transaction, the chairman now owns 2,482 shares of the company’s stock, valued at approximately $3,023,299.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Michael J. Saylor also recently made the following trade(s):

• On Monday, April 15th, Michael J. Saylor sold 1,967 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.20, for a total transaction of $2,866,312.40.
• On Friday, April 12th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,489.82, for a total value of $7,449,100.00.
• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.84, for a total value of $7,289,200.00.
• On Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,537.40, for a total transaction of $7,687,000.00.
• On Friday, April 5th, Michael J. Saylor sold 688 shares of MicroStrategy stock. The shares were sold at an average price of $1,657.49, for a total transaction of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,638.91, for a total transaction of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,630.88, for a total value of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The stock was sold at an average price of $1,951.33, for a total transaction of $2,224,516.20.
• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The shares were sold at an average price of $1,856.97, for a total transaction of $1,502,288.73.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The stock was sold at an average price of $1,680.49, for a total transaction of $2,117,417.40.

MicroStrategy Price Performance

Shares of MSTR stock traded up $20.11 during mid-day trading on Thursday, hitting $1,208.16. 1,766,481 shares of the stock traded hands, compared to its average volume of 2,217,166. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $20.50 billion, a price-to-earnings ratio of 44.56 and a beta of 2.89. The company’s 50-day simple moving average is $1,271.04 and its 200-day simple moving average is $764.56. MicroStrategy Incorporated has a twelve month low of $266.00 and a twelve month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The firm had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. ST Germain D J Co. Inc. acquired a new position in shares of MicroStrategy in the 1st quarter valued at about $29,000. Principal Securities Inc. acquired a new position in MicroStrategy in the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd increased its stake in MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after buying an additional 40 shares during the period. Rise Advisors LLC boosted its stake in shares of MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after buying an additional 14 shares during the period. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of MicroStrategy during the 3rd quarter valued at $37,000. 72.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSTR has been the topic of several analyst reports. TD Cowen decreased their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. BTIG Research upped their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday, March 28th. Benchmark raised their price objective on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,473.00.

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.