Michael J. Saylor Sells 719 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 719 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $1,338.20, for a total value of $962,165.80. Following the completion of the transaction, the chairman now directly owns 719 shares of the company’s stock, valued at approximately $962,165.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael J. Saylor also recently made the following trade(s):

• On Friday, April 19th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,201.07, for a total transaction of $6,005,350.00.
• On Wednesday, April 17th, Michael J. Saylor sold 2,482 shares of MicroStrategy stock. The shares were sold at an average price of $1,218.09, for a total transaction of $3,023,299.38.
• On Monday, April 15th, Michael J. Saylor sold 1,967 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.20, for a total value of $2,866,312.40.
• On Friday, April 12th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,489.82, for a total value of $7,449,100.00.
• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,457.84, for a total transaction of $7,289,200.00.
• On Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,537.40, for a total transaction of $7,687,000.00.
• On Friday, April 5th, Michael J. Saylor sold 688 shares of MicroStrategy stock. The stock was sold at an average price of $1,657.49, for a total value of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,638.91, for a total value of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20.

MicroStrategy Stock Performance

MSTR traded up $14.63 during midday trading on Tuesday, hitting $1,338.64. 1,040,776 shares of the company were exchanged, compared to its average volume of 2,189,078. The company’s 50 day simple moving average is $1,306.13 and its 200 day simple moving average is $787.00. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 46.98 and a beta of 2.89. MicroStrategy Incorporated has a 1-year low of $266.00 and a 1-year high of $1,999.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The firm had revenue of $124.48 million for the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Analyst Ratings Changes

Several brokerages have issued reports on MSTR. TD Cowen dropped their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Benchmark raised their price target on MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,473.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. National Bank of Canada FI boosted its holdings in shares of MicroStrategy by 4.7% during the 3rd quarter. National Bank of Canada FI now owns 2,723 shares of the software maker’s stock worth $889,000 after purchasing an additional 123 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in MicroStrategy by 72.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,025 shares of the software maker’s stock valued at $336,000 after buying an additional 429 shares in the last quarter. CWM LLC increased its stake in shares of MicroStrategy by 22.6% in the 3rd quarter. CWM LLC now owns 369 shares of the software maker’s stock worth $121,000 after acquiring an additional 68 shares during the last quarter. IFP Advisors Inc increased its stake in shares of MicroStrategy by 2.9% in the 3rd quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock worth $497,000 after acquiring an additional 42 shares during the last quarter. Finally, RFG Advisory LLC raised its holdings in shares of MicroStrategy by 9.6% during the 3rd quarter. RFG Advisory LLC now owns 2,588 shares of the software maker’s stock worth $850,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.