Jeanine Montgomery Sells 752 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $14,479,312.50.

MicroStrategy Trading Up 4.0 %

Shares of NASDAQ MSTR opened at $340.65 on Friday. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $383.40. The stock has a 50 day moving average price of $204.83 and a 200 day moving average price of $165.71. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of MicroStrategy during the second quarter worth about $37,000. GAMMA Investing LLC grew its position in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in MicroStrategy during the 1st quarter valued at approximately $58,000. Signaturefd LLC raised its holdings in shares of MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of MicroStrategy during the second quarter worth $106,000. Institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MSTR. Sanford C. Bernstein decreased their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Canaccord Genuity Group increased their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research lifted their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays increased their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average price target 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.