Wei-Ming Shao Sells 18,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wei-Ming Shao also recently made the following trade(s):

• On Thursday, August 22nd, Wei-Ming Shao sold 3,000 shares of MicroStrategy stock. The stock was sold at an average price of $141.20, for a total value of $423,600.00.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $340.65 on Friday. The stock has a market capitalization of $69.03 billion, a PE ratio of -161.67 and a beta of 3.05. The business has a 50 day simple moving average of $204.83 and a two-hundred day simple moving average of $165.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $383.40.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($8.98) EPS.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Canaccord Genuity Group raised their price objective on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research raised their price objective on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Benchmark lifted their target price on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares in the last quarter. Frisch Financial Group Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Frisch Financial Group Inc. now owns 2,000 shares of the software maker’s stock worth $337,000 after purchasing an additional 1,800 shares during the period. Vestcor Inc boosted its holdings in shares of MicroStrategy by 898.7% in the 3rd quarter. Vestcor Inc now owns 3,096 shares of the software maker’s stock worth $522,000 after purchasing an additional 2,786 shares during the period. M&T Bank Corp purchased a new position in shares of MicroStrategy in the 3rd quarter worth approximately $1,932,000. Finally, Abel Hall LLC boosted its holdings in shares of MicroStrategy by 537.7% in the 3rd quarter. Abel Hall LLC now owns 1,639 shares of the software maker’s stock worth $276,000 after purchasing an additional 1,382 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.