MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CEO Phong Le sold 3,281 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.26, for a total value of $1,080,302.06. Following the transaction, the chief executive officer now owns 18,165 shares of the company's stock, valued at approximately $5,981,007.90. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Phong Le also recently made the following trade(s):
- On Thursday, March 20th, Phong Le bought 6,000 shares of MicroStrategy stock. The stock was acquired at an average cost of $85.00 per share, with a total value of $510,000.00.
MicroStrategy Stock Performance
MicroStrategy stock traded down $35.18 during trading hours on Friday, hitting $289.41. The company had a trading volume of 20,987,274 shares, compared to its average volume of 17,886,818. The firm has a 50-day moving average of $313.64 and a 200 day moving average of $294.89. 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 cap of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Cantor Fitzgerald upped their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has an average rating of "Buy" and an average target price of $536.90.
Get Our Latest Analysis on MicroStrategy
Institutional Investors Weigh In On MicroStrategy
A number of institutional investors have recently modified their holdings of the business. National Bank of Canada FI raised its stake in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $81,783,000. Clarity Capital Partners LLC boosted its stake in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after buying an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy during the third quarter worth approximately $254,000. Finally, Wellington Management Group LLP increased its stake in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after acquiring an additional 6,104 shares during the period. Institutional investors own 59.84% of the company's stock.
About MicroStrategy
(
Get Free Report)
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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