MicroStrategy Incorporated (NASDAQ:MSTR) CFO Sells $719,433.10 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 2,185 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $719,433.10. Following the sale, the chief financial officer now directly owns 15,215 shares in the company, valued at approximately $5,009,690.90. The trade was a 12.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Andrew Kang also recently made the following trade(s):

• On Thursday, March 20th, Andrew Kang purchased 1,500 shares of MicroStrategy stock. The shares were purchased at an average price of $85.00 per share, with a total value of $127,500.00.

MicroStrategy Stock Performance

MicroStrategy stock opened at $324.59 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $315.78 and a 200-day moving average of $292.60. The stock has a market cap of $83.53 billion, a P/E ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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%.

Institutional Trading of MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy during the fourth quarter valued at $25,000. Quadrant Capital Group LLC raised its holdings in shares of MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC bought a new position in shares of MicroStrategy in the 4th quarter worth about $26,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares during the period. 59.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MSTR shares. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Finally, Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One 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 company. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Buy” and an average target price of $536.90.

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.