Andrew Kang Sells 2,185 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 2,185 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $719,433.10. Following the transaction, the chief financial officer now directly owns 15,215 shares in the company, valued at approximately $5,009,690.90. This trade represents a 12.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 acquired 1,500 shares of MicroStrategy stock. The shares were bought at an average cost of $85.00 per share, for a total transaction of $127,500.00.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $289.41 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. The company has a 50-day simple moving average of $313.64 and a 200-day simple moving average of $293.74. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued 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%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSTR. Cantor Fitzgerald lifted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Monness Crespi & Hardt began coverage on MicroStrategy in a report on Wednesday, March 19th. They issued a “neutral” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Buy” and a consensus price target of $536.90.

Institutional Trading of MicroStrategy

Hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System increased its stake in shares of MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after acquiring an additional 30 shares during the last quarter. Family Management Corp increased its position in MicroStrategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares during the period. Oder Investment Management LLC boosted its holdings in shares of MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

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.