MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CAO Jeanine Montgomery sold 481 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
MicroStrategy Stock Down 10.8 %
NASDAQ MSTR traded down $35.18 during midday trading on Friday, hitting $289.41. 20,987,274 shares of the company traded hands, compared to its average volume of 17,886,818. The company has a market cap of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company's 50-day simple moving average is $313.64 and its 200-day simple moving average is $294.89.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Wall Street Analysts Forecast Growth
MSTR has been the topic of several research analyst reports. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Mizuho started coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Finally, Monness Crespi & Hardt initiated coverage on MicroStrategy in a report on Wednesday, March 19th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $536.90.
Read Our Latest Research Report on MicroStrategy
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans grew its holdings in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock worth $912,000 after purchasing an additional 5,069 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of MicroStrategy in the 3rd quarter worth $208,000. Commerce Bank purchased a new position in MicroStrategy during the 3rd quarter worth $419,000. Intech Investment Management LLC increased its position in MicroStrategy by 1,136.8% during the 3rd quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker's stock valued at $1,218,000 after buying an additional 6,639 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.
About MicroStrategy
(
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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.
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