MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao sells 3,000 shares

MicroStrategy Incorporated (NASDAQ:MSTR – Get Your Free Report) EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link.

MicroStrategy Stock Performance

Shares of MicroStrategy opened at $150.01 on Friday. The firm has a market cap of $2.66 billion, a P/E ratio of -22.39 and a beta of 3.11. The stock has a fifty day moving average price of $145.33 and a 200 day moving average price of $136.33. MicroStrategy Incorporated has a 52-week low of $30.71 and a 52-week high of $200.00. 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 (NASDAQ:MSTR – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) 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%. The company’s revenue was down 7.4% compared to the same quarter last year. In the same quarter last year, the company earned $0.15 per share.

Changes in Analyst Ratings

A number of research firms have commented on MSTR. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. TD Cowen boosted their target price on MicroStrategy from $145.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Canaccord Genuity Group cut their price target on MicroStrategy from $204.70 to $182.60 and set a “buy” rating for the company in a report on Monday, June 24th. Benchmark boosted their target price on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday. They issued an “overweight” rating and a $194.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $205.94.

Check out the latest stock report on MicroStrategy

Institutional investors weigh in on MicroStrategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. International Assets Investment Management LLC purchased a new stake in MicroStrategy during the fourth quarter valued at approximately $12,367,000. Mackenzie Financial Corp acquired a new stake in shares of MicroStrategy in the fourth quarter valued at about $440,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MicroStrategy by 46.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the software maker’s stock worth $1,568,000 after buying an additional 788 shares during the period. Xponance Inc. boosted its holdings in MicroStrategy by 12.8% in the fourth quarter. Xponance Inc. now owns 740 shares of the software maker’s stock valued at $467,000 after buying an additional 84 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after buying an additional 29 shares in the last quarter. 72.03% of the shares are currently owned by institutional investors and hedge funds.

About MicroStrategy

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MicroStrategy Incorporated provides artificial intelligence-based enterprise software and analytics services in the United States, Europe, the Middle East, Africa and internationally. It offers MicroStrategy ONE, which gives non-technical users the ability to directly access new and actionable information for decision making; and the MicroStrategy Cloud for Government service, which provides continuous threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.

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