Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Sells 5,000 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,489.82, for a total transaction of $7,449,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael J. Saylor also recently made the following trade(s):

• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.84, for a total transaction of $7,289,200.00.
• On Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,537.40, for a total transaction of $7,687,000.00.
• On Friday, April 5th, Michael J. Saylor sold 688 shares of MicroStrategy stock. The stock was sold at an average price of $1,657.49, for a total value of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,638.91, for a total value of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20.
• On Monday, March 25th, Michael J. Saylor sold 809 shares of MicroStrategy stock. The shares were sold at an average price of $1,856.97, for a total transaction of $1,502,288.73.
• On Thursday, March 21st, Michael J. Saylor sold 1,260 shares of MicroStrategy stock. The shares were sold at an average price of $1,680.49, for a total transaction of $2,117,417.40.
• On Tuesday, March 19th, Michael J. Saylor sold 1,331 shares of MicroStrategy stock. The shares were sold at an average price of $1,416.13, for a total transaction of $1,884,869.03.
• On Friday, March 15th, Michael J. Saylor sold 1,600 shares of MicroStrategy stock. The shares were sold at an average price of $1,785.98, for a total transaction of $2,857,568.00.

MicroStrategy Stock Down 9.7 %

Shares of NASDAQ:MSTR traded down $143.70 during trading on Monday, hitting $1,335.88. The company's stock had a trading volume of 1,606,585 shares, compared to its average volume of 2,232,600. The business has a 50 day moving average price of $1,242.32 and a two-hundred day moving average price of $755.06. The company has a market capitalization of $22.67 billion, a PE ratio of 47.41 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. MicroStrategy Incorporated has a fifty-two week low of $266.00 and a fifty-two week high of $1,999.99.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Institutional Investors Weigh In On MicroStrategy

Institutional investors and hedge funds have recently bought and sold shares of the stock. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy in the first quarter valued at $29,000. Rise Advisors LLC raised its holdings in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker's stock valued at $34,000 after buying an additional 14 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of MicroStrategy in the first quarter valued at about $55,000. Avondale Wealth Management purchased a new stake in shares of MicroStrategy in the first quarter valued at about $61,000. Finally, Principal Securities Inc. purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $31,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of MicroStrategy to a "sell" rating in a research report on Monday, March 18th. Benchmark upped their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Canaccord Genuity Group reiterated a "buy" rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. BTIG Research upped their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, TD Cowen decreased their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating for the company in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,473.00.

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.