MicroStrategy Incorporated (NASDAQ:MSTR) CEO Sells $6,612,665.20 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MicroStrategy Price Performance

MicroStrategy stock opened at $141.42 on Thursday. The company has a 50-day moving average price of $146.00 and a 200 day moving average price of $136.31. The stock has a market cap of $2.51 billion, a P/E ratio of -21.11 and a beta of 3.11. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. MicroStrategy Incorporated has a 12-month low of $30.71 and a 12-month high of $200.00.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The firm had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 16.83% and a negative net margin of 43.69%. MicroStrategy’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS.

Institutional Trading of MicroStrategy

Several institutional investors have recently modified their holdings of MSTR. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy in the first quarter valued at approximately $29,000. Principal Securities Inc. purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd boosted its holdings in MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares in the last quarter. Rise Advisors LLC boosted its stake in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after buying an additional 14 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of MicroStrategy during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent research reports. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $204.70 to $182.60 and set a “buy” rating on the stock in a research note on Monday, June 24th. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. TD Cowen raised their target price on MicroStrategy from $145.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a report on Wednesday. They issued an “overweight” rating and a $194.00 price target on the stock. Finally, Benchmark upped their price target on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.94.

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.