MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CAO Jeanine Montgomery sold 481 shares of MicroStrategy stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MicroStrategy Price Performance
MicroStrategy stock traded down $35.18 during trading hours on Friday, hitting $289.41. 20,987,274 shares of the company traded hands, compared to its average volume of 17,886,818. The firm's 50-day simple moving average is $313.64 and its two-hundred day simple moving average is $294.89. The firm has a market cap of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.
Wall Street Analyst Weigh In
MSTR has been the subject of a number of research reports. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Monness Crespi & Hardt began coverage on MicroStrategy in a research report on Wednesday, March 19th. They issued a "neutral" rating on the stock. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $536.90.
Check Out Our Latest Analysis on MicroStrategy
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted its holdings in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $26,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 59.84% of the company's stock.
MicroStrategy Company Profile
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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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