Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells 43,750 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $430.54, for a total transaction of $18,836,125.00. Following the completion of the sale, the chief accounting officer directly owned 8,606 shares of the company's stock, valued at approximately $3,705,227.24. This trade represents a 83.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, June 6th, Jeanine Montgomery sold 339 shares of MicroStrategy stock. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45.
• On Thursday, June 5th, Jeanine Montgomery sold 1 shares of MicroStrategy stock. The stock was sold at an average price of $370.70, for a total transaction of $370.70.

MicroStrategy Trading Down 1.0%

MicroStrategy stock traded down $4.56 during trading hours on Thursday, hitting $451.34. The company had a trading volume of 8,820,017 shares, compared to its average volume of 17,925,791. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $123.40 billion, a P/E ratio of -20.69 and a beta of 3.70. The company has a 50-day moving average price of $394.01 and a two-hundred day moving average price of $345.99. MicroStrategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the previous year, the firm earned ($0.83) earnings per share. The business's revenue was down 3.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SJS Investment Consulting Inc. grew its stake in MicroStrategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock valued at $47,000 after purchasing an additional 24 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after buying an additional 30 shares during the last quarter. Family Management Corp raised its stake in shares of MicroStrategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker's stock worth $397,000 after acquiring an additional 30 shares in the last quarter. Smith Anglin Financial LLC lifted its position in MicroStrategy by 1.2% during the second quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker's stock valued at $1,025,000 after acquiring an additional 30 shares during the last quarter. Finally, Magnus Financial Group LLC boosted its stake in MicroStrategy by 0.9% in the second quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker's stock valued at $1,479,000 after acquiring an additional 32 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of research reports. Cowen reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Monday. Monness Crespi & Hardt raised their target price on shares of MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday. UBS Group reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Cantor Fitzgerald restated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, HC Wainwright assumed coverage on shares of MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $525.67.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.