MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 2,051 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $675,312.26. Following the completion of the transaction, the executive vice president now owns 10,597 shares in the company, valued at approximately $3,489,168.22. The trade was a 16.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Wei-Ming Shao also recently made the following trade(s):
- On Thursday, March 20th, Wei-Ming Shao purchased 500 shares of MicroStrategy stock. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00.
MicroStrategy Price Performance
Shares of NASDAQ:MSTR 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. The stock has a market cap of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. The business's fifty day moving average is $313.64 and its two-hundred day moving average is $294.89. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.
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%.
Institutional Trading of MicroStrategy
Hedge funds have recently modified their holdings of the company. Riverview Trust Co bought a new stake in MicroStrategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter worth about $25,000. Quadrant Capital Group LLC raised its position in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC bought a new position in shares of MicroStrategy in the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. grew its position in MicroStrategy by 900.0% in the third 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. 59.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MSTR has been the topic of several recent analyst reports. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Maxim Group lifted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a "neutral" rating for the company. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MicroStrategy currently has a consensus rating of "Buy" and an average price target of $536.90.
Check Out Our Latest Research Report on MSTR
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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