Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells 2,185 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang sold 2,185 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $719,433.10. Following the completion of the sale, the chief financial officer now owns 15,215 shares of the company's stock, valued at approximately $5,009,690.90. This trade represents a 12.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Andrew Kang also recently made the following trade(s):

• On Thursday, March 20th, Andrew Kang acquired 1,500 shares of MicroStrategy stock. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00.

MicroStrategy Trading Down 10.8 %

MicroStrategy stock traded down $35.18 during mid-day trading on Friday, hitting $289.41. The company's stock had a trading volume of 20,987,274 shares, compared to its average volume of 17,886,818. The business has a 50 day moving average price of $313.64 and a 200-day moving average price of $294.89. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The stock has a market cap of $74.48 billion, a price-to-earnings 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.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results 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

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald boosted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Monness Crespi & Hardt started coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of "Buy" and an average target price of $536.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in MicroStrategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank purchased a new stake in MicroStrategy in the fourth quarter worth about $523,981,000. Northern Trust Corp boosted its position 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after purchasing an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in MicroStrategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares in the last quarter. Institutional investors own 59.84% 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.