MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le Sells 1,252 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Phong Le also recently made the following trade(s):

• On Thursday, August 22nd, Phong Le sold 50,000 shares of MicroStrategy stock. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $340.65 on Friday. The stock has a market cap of $69.03 billion, a PE ratio of -161.67 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day moving average of $204.83 and a 200-day moving average of $165.30. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $383.40.

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

Institutional Trading of MicroStrategy

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares during the period. Frisch Financial Group Inc. increased its position in MicroStrategy by 900.0% during the third quarter. Frisch Financial Group Inc. now owns 2,000 shares of the software maker’s stock worth $337,000 after acquiring an additional 1,800 shares during the period. Vestcor Inc increased its position in MicroStrategy by 898.7% during the third quarter. Vestcor Inc now owns 3,096 shares of the software maker’s stock worth $522,000 after acquiring an additional 2,786 shares during the period. M&T Bank Corp acquired a new stake in MicroStrategy in the 3rd quarter worth about $1,932,000. Finally, Abel Hall LLC boosted its holdings in MicroStrategy by 537.7% in the 3rd quarter. Abel Hall LLC now owns 1,639 shares of the software maker’s stock valued at $276,000 after purchasing an additional 1,382 shares during the period. 72.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. BTIG Research increased their price target on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Maxim Group raised their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark boosted their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. Finally, Barclays boosted their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $271.13.

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.