Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells 6,250 Shares of Stock

Key Points

• MicroStrategy CFO, Andrew Kang, sold 6,250 shares of stock at an average price of $386.32, totaling approximately $2.4 million, reducing his ownership by 20.35%.
• Following the sale, Kang still owns 24,460 shares valued at nearly $9.45 million, indicating significant personal investment in the company.
• MicroStrategy's stock recently surged 4.9%, reaching a trading price of $402.01, amidst strong earnings results that beat analyst estimates.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang sold 6,250 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $386.32, for a total value of $2,414,500.00. Following the sale, the chief financial officer directly owned 24,460 shares of the company's stock, valued at approximately $9,449,387.20. This represents a 20.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Kang also recently made the following trade(s):

• On Tuesday, July 29th, Andrew Kang acquired 2,800 shares of MicroStrategy stock. The stock was purchased at an average cost of $90.00 per share, with a total value of $252,000.00.
• On Friday, June 6th, Andrew Kang sold 1,877 shares of MicroStrategy stock. The stock was sold at an average price of $374.54, for a total value of $703,011.58.
• On Thursday, June 5th, Andrew Kang acquired 2,250 shares of MicroStrategy stock. The stock was purchased at an average cost of $85.00 per share, with a total value of $191,250.00.
• On Tuesday, May 20th, Andrew Kang sold 5,638 shares of MicroStrategy stock. The shares were sold at an average price of $410.22, for a total value of $2,312,820.36.

MicroStrategy Trading Up 4.9%

Shares of NASDAQ:MSTR traded up $18.60 during trading on Thursday, hitting $402.01. The company had a trading volume of 13,011,567 shares, compared to its average volume of 15,602,746. The stock has a market cap of $109.91 billion, a price-to-earnings ratio of 35.39 and a beta of 3.76. MicroStrategy Incorporated has a one year low of $113.69 and a one year high of $543.00. The company has a fifty day simple moving average of $395.86 and a two-hundred day simple moving average of $353.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.66.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. MicroStrategy had a return on equity of 18.83% and a net margin of 1,036.61%. MicroStrategy's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted ($5.74) EPS.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Franklin Resources Inc. boosted its position in MicroStrategy by 227.0% during the fourth quarter. Franklin Resources Inc. now owns 13,891 shares of the software maker's stock valued at $4,023,000 after purchasing an additional 9,643 shares in the last quarter. Quadrant Capital Group LLC raised its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in MicroStrategy by 5.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 2,475 shares of the software maker's stock valued at $717,000 after buying an additional 125 shares during the last quarter. Cerity Partners LLC raised its stake in MicroStrategy by 90.3% in the fourth quarter. Cerity Partners LLC now owns 11,743 shares of the software maker's stock valued at $3,314,000 after buying an additional 5,573 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in MicroStrategy in the fourth quarter valued at about $6,504,000. Institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MSTR shares. Canaccord Genuity Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright started coverage on MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target for the company. TD Cowen lifted their price target on MicroStrategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. BTIG Research upped their price target on MicroStrategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald upped their price target on MicroStrategy from $614.00 to $680.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $546.58.

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.

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