MicroStrategy Incorporated (NASDAQ:MSTR) Director Leslie J. Rechan Sells 15,000 Shares of Stock

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

MicroStrategy Price Performance

MicroStrategy stock opened at $329.31 on Thursday. The stock has a market cap of $84.75 billion, a price-to-earnings ratio of -58.46 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $316.62 and a 200 day simple moving average of $292.37. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. Norges Bank bought a new stake in MicroStrategy in the 4th quarter worth approximately $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after acquiring an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after acquiring an additional 567,628 shares in the last quarter. Finally, Amundi lifted its holdings in shares of MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after acquiring an additional 413,028 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSTR. Canaccord Genuity Group dropped their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment 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 MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $536.90.

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.