MicroStrategy Incorporated (NASDAQ:MSTR) EVP Sells $675,312.26 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sold 2,051 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $675,312.26. Following the completion of the transaction, the executive vice president now owns 10,597 shares in the company, valued at approximately $3,489,168.22. This represents a 16.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 20th, Wei-Ming Shao acquired 500 shares of MicroStrategy stock. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00.

MicroStrategy Price Performance

MSTR stock traded down $12.50 during trading on Wednesday, reaching $329.31. The company’s stock had a trading volume of 16,640,075 shares, compared to its average volume of 17,936,275. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average is $317.25 and its 200-day moving average is $292.11. The company has a market capitalization of $84.75 billion, a P/E ratio of -58.46 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy in the fourth quarter worth about $25,000. Quadrant Capital Group LLC lifted its position in shares of MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC bought a new position in MicroStrategy during the fourth quarter valued at approximately $26,000. Finally, Sunbelt Securities Inc. grew its holdings in MicroStrategy by 900.0% during 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 in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSTR. Cantor Fitzgerald upped their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Finally, Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy has an average rating of “Buy” and a consensus target price of $536.90.

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.