Wei-Ming Shao Sells 32,500 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 32,500 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total transaction of $13,047,775.00. Following the transaction, the executive vice president directly owned 12,726 shares of the company's stock, valued at $5,109,107.22. The trade was a 71.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 transaction 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 bought at an average cost of $85.00 per share, with a total value of $299,795.00.
• On Tuesday, April 15th, Wei-Ming Shao sold 10,000 shares of MicroStrategy stock. The stock was sold at an average price of $315.00, for a total value of $3,150,000.00.

MicroStrategy Price Performance

MSTR traded up $12.84 during midday trading on Friday, hitting $434.58. The stock had a trading volume of 18,403,922 shares, compared to its average volume of 17,995,119. MicroStrategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The company has a market cap of $118.81 billion, a P/E ratio of -19.92 and a beta of 3.70. The business has a fifty day moving average of $390.32 and a 200 day moving average of $343.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its 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). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The company had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. During the same quarter in the prior year, the company earned ($0.83) earnings per share. The company's revenue was down 3.6% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSTR. Cantor Fitzgerald reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. UBS Group restated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Institutional Trading of MicroStrategy

A number of institutional investors have recently modified their holdings of MSTR. Geode Capital Management LLC lifted its position in MicroStrategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after buying an additional 281,342 shares during the period. Norges Bank bought a new stake in MicroStrategy in the 4th quarter worth about $523,981,000. Northern Trust Corp raised its holdings in shares of MicroStrategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after purchasing an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in MicroStrategy by 25.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock valued at $232,410,000 after buying an additional 162,757 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in MicroStrategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after acquiring an additional 113,752 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Company Profile

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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