Leslie J. Rechan Sells 15,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MicroStrategy Stock Performance

MSTR stock traded down $35.18 during midday trading on Friday, reaching $289.41. 20,987,274 shares of the company were exchanged, compared to its average volume of 17,886,818. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. The business has a 50-day moving average price of $313.64 and a two-hundred day moving average price of $294.89.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly 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 return on equity of 19.01% and a negative net margin of 251.73%.

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Institutional Trading of MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. Mascagni Wealth Management Inc. bought a new position in shares of MicroStrategy in the 4th quarter valued at $58,000. Objective Capital Management LLC bought a new stake in shares of MicroStrategy during the fourth quarter worth about $222,000. 111 Capital bought a new stake in shares of MicroStrategy during the fourth quarter worth about $907,000. NorthCrest Asset Manangement LLC acquired a new position in shares of MicroStrategy in the fourth quarter valued at approximately $354,000. Finally, Northstar Financial Companies Inc. bought a new position in MicroStrategy in the 4th quarter valued at approximately $217,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on MSTR shares. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Maxim Group raised their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Canaccord Genuity Group dropped their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Company Profile

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.