MicroStrategy Incorporated (NASDAQ:MSTR) EVP Sells $4,319,800.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 10,000 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $431.98, for a total value of $4,319,800.00. Following the sale, the executive vice president owned 12,726 shares in the company, valued at approximately $5,497,377.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, July 14th, Wei-Ming Shao sold 10,900 shares of MicroStrategy stock. The stock was sold at an average price of $448.89, for a total value of $4,892,901.00.
• 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 value of $13,047,775.00.
• On Thursday, July 10th, Wei-Ming Shao sold 20,000 shares of MicroStrategy stock. The shares were sold at an average price of $418.60, for a total value of $8,372,000.00.
• On Friday, June 6th, Wei-Ming Shao sold 1,701 shares of MicroStrategy stock. The shares were sold at an average price of $374.54, for a total value of $637,092.54.
• On Thursday, June 5th, Wei-Ming Shao acquired 3,527 shares of MicroStrategy stock. The shares were bought at an average cost of $85.00 per share, for a total transaction of $299,795.00.

MicroStrategy Trading Up 3.1%

Shares of MicroStrategy stock traded up $13.59 on Wednesday, reaching $455.90. 10,523,157 shares of the company were exchanged, compared to its average volume of 17,962,101. The stock has a fifty day moving average price of $394.01 and a 200-day moving average price of $345.99. The firm has a market capitalization of $124.64 billion, a price-to-earnings ratio of -20.90 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 Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The business had revenue of $111.07 million for 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 quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.83) earnings per share.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Cowen reissued a "buy" rating on shares of MicroStrategy in a research note on Monday. Monness Crespi & Hardt raised their price target on MicroStrategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday. HC Wainwright started coverage on MicroStrategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target on the stock. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $525.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of MicroStrategy during the 4th quarter worth about $282,000. Frank Rimerman Advisors LLC bought a new stake in shares of MicroStrategy during the 4th quarter worth about $370,000. Corient Private Wealth LLC boosted its stake in shares of MicroStrategy by 11.2% during the 4th quarter. Corient Private Wealth LLC now owns 76,779 shares of the software maker's stock worth $22,237,000 after acquiring an additional 7,735 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of MicroStrategy by 21.2% during the 4th quarter. Harbour Investments Inc. now owns 9,482 shares of the software maker's stock worth $2,746,000 after acquiring an additional 1,657 shares in the last quarter. Finally, GLOBALT Investments LLC GA bought a new stake in shares of MicroStrategy during the 4th quarter worth about $445,000. 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.