MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor Sells 719 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Chairman Michael J. Saylor sold 719 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $1,338.20, for a total transaction of $962,165.80. Following the sale, the chairman now directly owns 719 shares of the company’s stock, valued at approximately $962,165.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael J. Saylor also recently made the following trade(s):

• On Friday, April 19th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The stock was sold at an average price of $1,201.07, for a total transaction of $6,005,350.00.
• On Wednesday, April 17th, Michael J. Saylor sold 2,482 shares of MicroStrategy stock. The stock was sold at an average price of $1,218.09, for a total transaction of $3,023,299.38.
• On Monday, April 15th, Michael J. Saylor sold 1,967 shares of MicroStrategy stock. The stock was sold at an average price of $1,457.20, for a total transaction of $2,866,312.40.
• On Friday, April 12th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,489.82, for a total transaction of $7,449,100.00.
• On Wednesday, April 10th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,457.84, for a total transaction of $7,289,200.00.
• On Monday, April 8th, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,537.40, for a total transaction of $7,687,000.00.
• On Friday, April 5th, Michael J. Saylor sold 688 shares of MicroStrategy stock. The shares were sold at an average price of $1,657.49, for a total transaction of $1,140,353.12.
• On Wednesday, April 3rd, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,638.91, for a total transaction of $8,194,550.00.
• On Monday, April 1st, Michael J. Saylor sold 5,000 shares of MicroStrategy stock. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00.
• On Wednesday, March 27th, Michael J. Saylor sold 1,140 shares of MicroStrategy stock. The shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20.

MicroStrategy Trading Up 1.1 %

Shares of NASDAQ MSTR opened at $1,338.64 on Wednesday. The company’s fifty day moving average is $1,319.19 and its 200-day moving average is $794.03. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 47.50 and a beta of 2.89. MicroStrategy Incorporated has a twelve month low of $266.00 and a twelve month high of $1,999.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The company had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent research reports. BTIG Research raised their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen reduced their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Benchmark raised their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $1,473.00.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTR. National Bank of Canada FI boosted its position in shares of MicroStrategy by 4.7% during the third quarter. National Bank of Canada FI now owns 2,723 shares of the software maker’s stock worth $889,000 after purchasing an additional 123 shares in the last quarter. Vontobel Holding Ltd. lifted its position in MicroStrategy by 72.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,025 shares of the software maker’s stock valued at $336,000 after acquiring an additional 429 shares in the last quarter. CWM LLC lifted its position in MicroStrategy by 22.6% in the 3rd quarter. CWM LLC now owns 369 shares of the software maker’s stock valued at $121,000 after acquiring an additional 68 shares in the last quarter. IFP Advisors Inc lifted its position in MicroStrategy by 2.9% in the 3rd quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock valued at $497,000 after acquiring an additional 42 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in MicroStrategy by 9.6% in the 3rd quarter. RFG Advisory LLC now owns 2,588 shares of the software maker’s stock valued at $850,000 after acquiring an additional 226 shares in the last quarter. 72.03% of the stock is owned by 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.