Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) EVP Sells 20,000 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 20,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $418.60, for a total transaction of $8,372,000.00. Following the completion of the sale, the executive vice president owned 12,726 shares of the company's stock, valued at $5,327,103.60. The trade was a 61.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Wei-Ming Shao also recently made the following trade(s):

• On Wednesday, July 9th, Wei-Ming Shao sold 32,500 shares of MicroStrategy stock. The shares were sold at an average price of $401.47, for a total transaction of $13,047,775.00.
• On Friday, June 6th, Wei-Ming Shao sold 1,701 shares of MicroStrategy stock. The stock was sold at an average price of $374.54, for a total transaction of $637,092.54.
• On Thursday, June 5th, Wei-Ming Shao acquired 3,527 shares of MicroStrategy stock. The stock was acquired at an average price of $85.00 per share, for a total transaction of $299,795.00.
• On Tuesday, April 15th, Wei-Ming Shao sold 10,000 shares of MicroStrategy stock. The shares were sold at an average price of $315.00, for a total value of $3,150,000.00.

MicroStrategy Price Performance

MSTR stock traded up $12.84 during trading on Friday, hitting $434.58. The company had a trading volume of 18,403,922 shares, compared to its average volume of 17,995,119. The company has a fifty day moving average price of $390.32 and a two-hundred day moving average price of $343.79. MicroStrategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The company has a market cap of $118.81 billion, a P/E ratio of -19.92 and a beta of 3.70. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.83) EPS.

Institutional Trading of MicroStrategy

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of MicroStrategy by 15.3% in the second quarter. Farther Finance Advisors LLC now owns 7,341 shares of the software maker's stock worth $2,967,000 after acquiring an additional 974 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in MicroStrategy by 1.9% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,519 shares of the software maker's stock worth $1,018,000 after purchasing an additional 47 shares during the last quarter. Diversified Trust Co acquired a new position in MicroStrategy during the 2nd quarter worth $287,000. Assenagon Asset Management S.A. boosted its position in MicroStrategy by 17.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 7,065 shares of the software maker's stock valued at $2,856,000 after buying an additional 1,035 shares during the last quarter. Finally, Kapstone Financial Advisors LLC increased its stake in shares of MicroStrategy by 2.6% in the 2nd quarter. Kapstone Financial Advisors LLC now owns 70,485 shares of the software maker's stock valued at $28,492,000 after buying an additional 1,785 shares during the period. 59.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. HC Wainwright started coverage on shares of MicroStrategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price for the company. UBS Group restated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Canaccord Genuity Group reiterated a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. Finally, Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $514.42.

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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