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

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $423,600.00.

MicroStrategy Trading Up 4.0 %

Shares of MSTR stock opened at $340.65 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $383.40. The firm’s 50 day moving average price is $204.83 and its two-hundred day moving average price is $165.30. The stock has a market cap of $69.03 billion, a price-to-earnings ratio of -161.67 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the firm posted ($8.98) EPS. The business’s revenue was down 10.3% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Signaturefd LLC increased its holdings in MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares during the last quarter. Cigna Investments Inc. New raised its stake in MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after acquiring an additional 8 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analyst Ratings Changes

MSTR has been the topic of several analyst reports. Maxim Group raised their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen lifted their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark increased their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein lowered their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Finally, BTIG Research increased their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $271.13.

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.