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

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 3,281 shares of MicroStrategy stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.26, for a total value of $1,080,302.06. Following the completion of the transaction, the chief executive officer now owns 18,165 shares of the company’s stock, valued at $5,981,007.90. This trade represents a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

MicroStrategy Price Performance

NASDAQ MSTR traded down $12.50 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 firm’s 50 day moving average is $317.25 and its two-hundred day moving average is $292.11. The stock has a market cap of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released 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%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald boosted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. One investment 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 company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Buy” and an average price target of $536.90.

Institutional Trading of MicroStrategy

A number of hedge funds have recently bought and sold shares of MSTR. Geode Capital Management LLC grew its position in MicroStrategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank purchased a new position in MicroStrategy during the fourth quarter valued at approximately $523,981,000. Northern Trust Corp grew its holdings in shares of MicroStrategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after acquiring an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of MicroStrategy by 25.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock worth $232,410,000 after purchasing an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of MicroStrategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.