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

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 3,281 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 18,165 shares of the company’s stock, valued at approximately $5,981,007.90. This trade represents a 15.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00.

MicroStrategy Price Performance

Shares of MSTR opened at $329.31 on Thursday. The firm has a market cap of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The business’s 50 day moving average price is $316.62 and its two-hundred day moving average price is $292.37. 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 (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 analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

Several large investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its stake in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after buying an additional 30 shares during the period. Family Management Corp raised its position in shares of 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 period. GPS Wealth Strategies Group LLC lifted its holdings in shares of MicroStrategy by 3.2% in the 4th 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 in the last quarter. Oder Investment Management LLC grew its position in 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 period. Finally, Versant Capital Management Inc increased its stake in 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 purchasing an additional 39 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Monness Crespi & Hardt initiated coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating on the stock. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report 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. According to data from MarketBeat, MicroStrategy currently has a consensus rating of “Buy” and a consensus price target 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.