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

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 2,185 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $719,433.10. Following the completion of the sale, the chief financial officer now owns 15,215 shares of the company’s stock, valued at approximately $5,009,690.90. This trade represents a 12.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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, for a total transaction of $127,500.00.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $329.31 on Thursday. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market cap of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. The business has a 50-day simple moving average of $316.62 and a 200-day simple moving average of $292.37.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSTR. Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Monness Crespi & Hardt began coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating for the company. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $536.90.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares during the period. Riverview Trust Co purchased a new position in shares of MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy in the 4th quarter worth about $25,000. Dunhill Financial LLC purchased a new position in MicroStrategy during the fourth quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC grew its holdings in MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock valued at $27,000 after purchasing an additional 82 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.