MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang Sells 2,185 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 2,185 shares of MicroStrategy stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $719,433.10. Following the sale, the chief financial officer now directly owns 15,215 shares in the company, valued at $5,009,690.90. The trade was a 12.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Andrew Kang also recently made the following trade(s):

• On Thursday, March 20th, Andrew Kang acquired 1,500 shares of MicroStrategy stock. The shares were bought at an average price of $85.00 per share, with a total value of $127,500.00.

MicroStrategy Trading Down 3.7 %

Shares of MSTR stock traded down $12.50 on Wednesday, reaching $329.31. 16,640,075 shares of the stock were exchanged, compared to its average volume of 17,936,275. The stock has a 50 day moving average price of $317.25 and a 200 day moving average price of $292.11. The stock has a market cap of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MSTR shares. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Barclays dropped their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group cut their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $536.90.

Hedge Funds Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in shares of MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter valued at about $25,000. Quadrant Capital Group LLC increased its stake in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Dunhill Financial LLC acquired a new stake in MicroStrategy in the fourth quarter worth $26,000. Finally, Sunbelt Securities Inc. increased its position in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

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.