MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells $7,406,250.00 in Stock

Key Points

• MicroStrategy's CFO Andrew Kang sold 18,750 shares of company stock for approximately $7.4 million, reducing his ownership by 43.39%.
• The company's stock is currently trading around $400.25, with a market capitalization of $109.43 billion and a PE ratio of 35.23.
• MicroStrategy recently reported earnings of $32.60 per share for the previous quarter, significantly exceeding analysts' expectations and showing a year-over-year revenue increase of 2.7%.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang sold 18,750 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the transaction, the chief financial officer owned 24,460 shares in the company, valued at approximately $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, August 5th, Andrew Kang sold 6,250 shares of MicroStrategy stock. The shares were sold at an average price of $386.32, for a total transaction of $2,414,500.00.
• On Tuesday, July 29th, Andrew Kang purchased 2,800 shares of MicroStrategy stock. The stock was acquired at an average price of $90.00 per share, for a total transaction of $252,000.00.
• On Friday, June 6th, Andrew Kang sold 1,877 shares of MicroStrategy stock. The shares were sold at an average price of $374.54, for a total transaction of $703,011.58.
• On Thursday, June 5th, Andrew Kang purchased 2,250 shares of MicroStrategy stock. The stock was acquired at an average price of $85.00 per share, for a total transaction 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 transaction of $2,312,820.36.

MicroStrategy Price Performance

MicroStrategy stock traded up $5.12 during midday trading on Monday, hitting $400.25. The company's stock had a trading volume of 10,354,169 shares, compared to its average volume of 15,538,994. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average price is $397.09 and its 200-day moving average price is $352.96. MicroStrategy Incorporated has a 12 month low of $113.69 and a 12 month high of $543.00. The company has a market capitalization of $109.43 billion, a PE ratio of 35.23 and a beta of 3.76.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $32.72. The firm had revenue of $114.49 million for the quarter, compared to analysts' expectations 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 quarter last year, the business posted ($5.74) EPS.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. UBS Group reissued a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Benchmark boosted their target price on shares of MicroStrategy from $650.00 to $705.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Mizuho upped their target price on MicroStrategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday. Finally, Monness Crespi & Hardt raised their target price on MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has a consensus rating of "Moderate Buy" and an average target price of $552.50.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently bought and sold shares of the stock. Harvest Portfolios Group Inc. grew its stake in MicroStrategy by 181.8% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker's stock valued at $286,211,000 after acquiring an additional 456,745 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of MicroStrategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after buying an additional 303,517 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of MicroStrategy by 42,473.7% during the 1st quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker's stock valued at $68,973,000 after buying an additional 238,702 shares during the last quarter. National Pension Service lifted its holdings in shares of MicroStrategy by 75.0% during the 2nd quarter. National Pension Service now owns 507,093 shares of the software maker's stock valued at $204,982,000 after buying an additional 217,358 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of MicroStrategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.