Wei-Ming Shao Sells 10,900 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 10,900 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $448.89, for a total transaction of $4,892,901.00. Following the sale, the executive vice president owned 12,726 shares in the company, valued at $5,712,574.14. This trade represents a 46.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, July 11th, Wei-Ming Shao sold 10,000 shares of MicroStrategy stock. The stock was sold at an average price of $431.98, for a total transaction of $4,319,800.00.
• On Wednesday, July 9th, Wei-Ming Shao sold 32,500 shares of MicroStrategy stock. The stock was 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 stock was sold at an average price of $374.54, for a total value of $637,092.54.
• On Thursday, June 5th, Wei-Ming Shao purchased 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.

MicroStrategy Stock Up 3.1%

MicroStrategy stock traded up $13.59 during midday trading on Wednesday, reaching $455.90. The stock had a trading volume of 10,523,157 shares, compared to its average volume of 17,962,101. The company has a fifty day moving average price of $394.01 and a two-hundred day moving average price of $345.99. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $124.64 billion, a P/E ratio of -20.90 and a beta of 3.70.

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

Analyst Ratings Changes

MSTR has been the topic of a number of analyst reports. Cantor Fitzgerald restated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright assumed coverage on MicroStrategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Finally, Monness Crespi & Hardt increased their price target on shares of MicroStrategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and a consensus price target of $525.67.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently bought and sold shares of the company. Allstate Corp purchased a new stake in MicroStrategy in the fourth quarter worth $1,564,000. Selway Asset Management purchased a new position in MicroStrategy in the 4th quarter valued at approximately $869,000. World Investment Advisors bought a new stake in MicroStrategy during the 4th quarter valued at $1,766,000. Aviva PLC grew its holdings in MicroStrategy by 51.2% during the 4th quarter. Aviva PLC now owns 94,953 shares of the software maker's stock valued at $27,500,000 after buying an additional 32,171 shares in the last quarter. Finally, Norges Bank bought a new position in MicroStrategy in the 4th quarter valued at $523,981,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

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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