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 dated 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 owns 15,215 shares of the company’s stock, valued at approximately $5,009,690.90. This trade represents a 12.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00.

MicroStrategy Price Performance

Shares of MSTR stock opened at $329.31 on Thursday. 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 capitalization of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. The firm’s 50-day moving average is $316.62 and its two-hundred day moving average is $292.37. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

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

Analyst Ratings Changes

Several research firms have recently weighed in on MSTR. Monness Crespi & Hardt began coverage on MicroStrategy in a research report on Wednesday, March 19th. They issued a “neutral” rating on the stock. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Maxim Group boosted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $536.90.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. National Bank of Canada FI raised its holdings in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy during the fourth quarter valued at about $81,783,000. Clarity Capital Partners LLC increased its position in shares of MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after acquiring an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy in the 3rd quarter valued at approximately $254,000. Finally, Wellington Management Group LLP lifted its holdings in shares of MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after acquiring an additional 6,104 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.