MicroStrategy (NASDAQ:MSTR) Trading Down 2% on Insider Selling

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) traded down 2% on Wednesday following insider selling activity. The stock traded as low as $325.82 and last traded at $335.01. 6,450,641 shares traded hands during trading, a decline of 64% from the average session volume of 17,897,928 shares. The stock had previously closed at $341.81.

Specifically, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $719,433.10. Following the transaction, the chief financial officer now directly owns 15,215 shares in the company, valued at approximately $5,009,690.90. This represents a 12.56 % decrease in their position. The disclosure for this sale can be found here. In related news, EVP Wei-Ming Shao sold 2,051 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.26, for a total value of $675,312.26. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent analyst reports. Maxim Group lifted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy currently has a consensus rating of "Buy" and an average price target of $536.90.

MicroStrategy Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $313.64 and a 200 day moving average of $296.05. The stock has a market capitalization of $73.50 billion, a P/E ratio of -50.11 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in MicroStrategy by 1,486.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock valued at $912,000 after buying an additional 5,069 shares in the last quarter. Cerity Partners LLC bought a new position in shares of MicroStrategy during the third quarter valued at $1,040,000. Private Trust Co. NA boosted its stake in shares of MicroStrategy by 750.0% in the 3rd quarter. Private Trust Co. NA now owns 204 shares of the software maker's stock valued at $34,000 after purchasing an additional 180 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MicroStrategy by 204.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock valued at $1,396,000 after purchasing an additional 5,560 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of MicroStrategy by 932.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,185 shares of the software maker's stock worth $874,000 after purchasing an additional 4,683 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.