MicroStrategy Incorporated (NASDAQ:MSTR) Director Sells $5,038,500.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

MicroStrategy Stock Down 1.4 %

Shares of NASDAQ MSTR opened at $324.59 on Friday. 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 50-day moving average price of $315.78 and a 200-day moving average price of $292.60. The stock has a market capitalization of $83.53 billion, a P/E ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly 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 Investors Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in shares of MicroStrategy in the 4th quarter worth $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the 4th quarter worth about $25,000. Quadrant Capital Group LLC grew its position in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new stake in MicroStrategy in the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. lifted its position in shares of 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 buying an additional 144 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSTR. Monness Crespi & Hardt started coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating on the stock. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald increased their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Mizuho initiated coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.