Phong Le Sells 3,281 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 3,281 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 transaction of $1,080,302.06. Following the transaction, the chief executive officer now directly owns 18,165 shares in the company, valued at approximately $5,981,007.90. The trade was a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Phong Le also recently made the following trade(s):

• On Thursday, March 20th, Phong Le purchased 6,000 shares of MicroStrategy stock. The shares were bought at an average price of $85.00 per share, with a total value of $510,000.00.

MicroStrategy Trading Down 10.8 %

Shares of MSTR opened at $289.41 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 firm has a 50-day moving average price of $313.64 and a 200 day moving average price of $293.74. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a market capitalization of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MSTR shares. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. Finally, Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $536.90.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its holdings in shares of MicroStrategy by 1,486.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after purchasing an additional 5,069 shares during the period. Quest Partners LLC purchased a new stake in MicroStrategy in the third quarter valued at approximately $208,000. Commerce Bank purchased a new position in shares of MicroStrategy during the third quarter worth $419,000. Intech Investment Management LLC lifted its position in shares of MicroStrategy by 1,136.8% during the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock worth $1,218,000 after purchasing an additional 6,639 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the period. Institutional investors and hedge funds own 59.84% 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.