MicroStrategy (NASDAQ:MSTR) Trading Down 2% Following Insider Selling

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) dropped 2% on Wednesday following insider selling activity. The stock traded as low as $325.82 and last traded at $335.01. Approximately 6,450,641 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 17,897,928 shares. The stock had previously closed at $341.81.

Specifically, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Kang sold 2,185 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $719,433.10. Following the completion of the sale, the chief financial officer now owns 15,215 shares of the company's stock, valued at $5,009,690.90. This trade represents a 12.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, EVP Wei-Ming Shao sold 2,051 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $675,312.26. Following the transaction, the executive vice president now directly owns 10,597 shares in the company, valued at approximately $3,489,168.22. The trade was a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MSTR shares. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Monness Crespi & Hardt assumed coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a "neutral" rating for the company. Benchmark reiterated a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of "Buy" and an average price target of $536.90.

MicroStrategy Stock Down 10.8 %

The business's 50 day moving average price is $313.64 and its 200-day moving average price is $293.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market capitalization of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. Riverview Trust Co purchased a new position in MicroStrategy in the 4th quarter valued at approximately $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy in the fourth quarter valued at $25,000. Quadrant Capital Group LLC boosted its holdings 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 purchasing an additional 77 shares during the period. Dunhill Financial LLC acquired a new position in MicroStrategy during the 4th quarter worth $26,000. Finally, Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.