Michael J. Saylor Sells 5,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $1,457.84, for a total value of $7,289,200.00. The sale 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 Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,537.40, for a total value 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 transaction of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,638.91, for a total transaction 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 stock was sold at an average price of $1,951.33, for a total value 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 value 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 value of $2,117,417.40.
• On Tuesday, March 19th, Michael J. Saylor sold 1,331 shares of MicroStrategy stock. The stock was 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.
• On Tuesday, March 12th, Michael J. Saylor sold 1,693 shares of MicroStrategy stock. The shares were sold at an average price of $1,558.03, for a total transaction of $2,637,744.79.

MicroStrategy Stock Down 4.7 %

Shares of MSTR opened at $1,479.58 on Friday. The stock’s 50-day moving average price is $1,225.41 and its 200-day moving average price is $741.98. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 52.50 and a beta of 2.89. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The firm had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several analyst reports. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. BTIG Research boosted their target price on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday, March 28th. Benchmark boosted their price target on MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. 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 investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Management LLC lifted its stake in MicroStrategy by 71.6% in the 1st quarter. MetLife Investment Management LLC now owns 4,978 shares of the software maker’s stock worth $2,421,000 after purchasing an additional 2,077 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of MicroStrategy by 11.1% in the 1st quarter. Rhumbline Advisers now owns 10,810 shares of the software maker’s stock worth $5,257,000 after acquiring an additional 1,078 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of MicroStrategy during the 1st quarter worth approximately $235,000. Moors & Cabot Inc. boosted its position in shares of MicroStrategy by 22.3% during the 1st quarter. Moors & Cabot Inc. now owns 1,563 shares of the software maker’s stock worth $760,000 after purchasing an additional 285 shares during the period. Finally, Vanguard Group Inc. increased its holdings in MicroStrategy by 36.4% in the 1st quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock valued at $431,960,000 after purchasing an additional 237,109 shares during the last quarter. Hedge funds and other institutional investors own 72.03% 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.