Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells 46 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 46 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $359.56, for a total transaction of $16,539.76. Following the completion of the sale, the chief accounting officer now owns 6,472 shares in the company, valued at $2,327,072.32. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jeanine Montgomery also recently made the following trade(s):

• On Thursday, November 14th, Jeanine Montgomery sold 752 shares of MicroStrategy stock. The shares were sold at an average price of $322.45, for a total value of $242,482.40.
• On Wednesday, November 6th, Jeanine Montgomery sold 56,250 shares of MicroStrategy stock. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50.

MicroStrategy Trading Up 11.9 %

Shares of MSTR traded up $45.75 during mid-day trading on Tuesday, reaching $430.54. The company’s stock had a trading volume of 49,828,152 shares, compared to its average volume of 17,386,111. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $449.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company’s fifty day moving average price is $210.03 and its two-hundred day moving average price is $168.07. The stock has a market cap of $87.24 billion, a PE ratio of -195.64 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the prior year, the business posted ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent research reports. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark raised their target price on MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. BTIG Research upped their price target on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Sanford C. Bernstein lowered their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Finally, Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $289.88.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Signaturefd LLC boosted its position in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after acquiring an additional 6 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after acquiring an additional 8 shares during the last quarter. Cigna Investments Inc. New increased its stake in MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after acquiring an additional 8 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after acquiring an additional 11 shares during the period. Finally, Dakota Wealth Management increased its stake in MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.