MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery Sells 481 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

MicroStrategy Trading Down 3.7 %

Shares of NASDAQ:MSTR traded down $12.50 during midday trading on Wednesday, reaching $329.31. 16,640,075 shares of the company’s stock were exchanged, compared to its average volume of 17,936,282. The stock has a market cap of $84.75 billion, a price-to-earnings ratio of -58.46 and a beta of 3.36. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The firm’s 50 day simple moving average is $317.25 and its two-hundred day simple moving average is $292.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth about $25,000. Quadrant Capital Group LLC increased its stake in shares of MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the period. Dunhill Financial LLC purchased a new position in MicroStrategy in the fourth quarter worth approximately $26,000. Finally, Sunbelt Securities Inc. grew its holdings in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of research reports. Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group boosted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Buy” and an average 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.