Insider Selling: MicroStrategy Incorporated (NASDAQ:MSTR) CAO Sells 46 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 46 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $359.56, for a total transaction of $16,539.76. Following the transaction, the chief accounting officer now directly owns 6,472 shares in the company, valued at approximately $2,327,072.32. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeanine Montgomery also recently made the following trade(s):

• On Thursday, November 14th, Jeanine Montgomery sold 752 shares of MicroStrategy stock. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40.
• On Wednesday, November 6th, Jeanine Montgomery sold 56,250 shares of MicroStrategy stock. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $45.75 during mid-day trading on Tuesday, reaching $430.54. The stock had a trading volume of 49,828,152 shares, compared to its average volume of 17,386,111. The firm has a market cap of $87.24 billion, a PE ratio of -195.64 and a beta of 3.05. 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 one year low of $43.87 and a one year high of $449.00. The firm’s 50 day simple moving average is $210.03 and its 200 day simple moving average is $168.07.

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

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent research reports. Canaccord Genuity Group boosted their price target on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BTIG Research increased their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays upped their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Finally, Benchmark increased their target price on MicroStrategy from $300.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.88.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. Capital International Investors increased its holdings in MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after purchasing an additional 232,667 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MicroStrategy by 587.4% during the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 971.3% in 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 period. Finally, Swiss National Bank boosted its holdings in MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Institutional investors and hedge funds 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.