MicroStrategy (NASDAQ:MSTR) Shares Down 5% After Insider Selling

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price was down 5% on Monday following insider selling activity. The company traded as low as $1,401.00 and last traded at $1,406.00. Approximately 468,288 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 2,215,433 shares. The stock had previously closed at $1,479.58.

Specifically, CEO Phong Le sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $453.35, for a total value of $2,266,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phong Le sold 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at $512,437.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,084 shares of company stock worth $112,842,368. 22.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on MSTR. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Benchmark increased their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Canaccord Genuity Group reissued a “buy” rating and set a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,473.00.

MicroStrategy Stock Down 6.1 %

The company’s 50-day moving average is $1,257.44 and its 200 day moving average is $761.58. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $21.28 billion, a PE ratio of 44.50 and a beta of 2.89.

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

Institutional Trading of MicroStrategy

A number of institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC boosted its holdings in shares of MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after acquiring an additional 14 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of MicroStrategy during the 1st quarter valued at about $29,000. CWM LLC boosted its holdings in shares of MicroStrategy by 7.3% during the 4th quarter. CWM LLC now owns 396 shares of the software maker’s stock valued at $250,000 after acquiring an additional 27 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after acquiring an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of MicroStrategy by 30.7% in the fourth quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock worth $83,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.