MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao Sells 18,000 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wei-Ming Shao also recently made the following trade(s):

• On Thursday, August 22nd, Wei-Ming Shao sold 3,000 shares of MicroStrategy stock. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $340.65 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50 day simple moving average is $204.83 and its 200-day simple moving average is $166.15. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $383.40. The stock has a market capitalization of $69.03 billion, a price-to-earnings ratio of -161.45 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the previous year, the firm posted ($8.98) EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSTR. Maxim Group boosted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark increased their price objective on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. TD Cowen lifted their target price on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Finally, Barclays lifted their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average target price of $271.13.

Institutional Trading of MicroStrategy

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its stake in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC lifted its position in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the third quarter worth approximately $27,000. ST Germain D J Co. Inc. increased its position in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in MicroStrategy in the 3rd quarter valued at $32,000. 72.03% 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.