MicroStrategy Inc. (MSTR) Director Sells $654,112.40 in Stock
MicroStrategy Inc. (NASDAQ:MSTR) Director Jarrod M. Patten sold 3,317 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $197.20, for a total value of $654,112.40. Following the sale, the director now directly owns 3,317 shares in the company, valued at approximately $654,112.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of MicroStrategy Inc. (NASDAQ:MSTR) traded up 0.83% during trading on Tuesday, hitting $198.57. 72,375 shares of the company were exchanged. The stock has a market cap of $2.27 billion, a P/E ratio of 23.14 and a beta of 1.22. The company’s 50-day moving average price is $181.92 and its 200 day moving average price is $177.93. MicroStrategy Inc. has a 12 month low of $141.01 and a 12 month high of $199.14.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 27th. The company reported $2.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.64. The company had revenue of $129.90 million for the quarter, compared to analyst estimates of $126.77 million. MicroStrategy had a net margin of 19.18% and a return on equity of 20.47%. MicroStrategy’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $2.06 EPS. On average, equities analysts predict that MicroStrategy Inc. will post $7.69 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in MSTR. ProShare Advisors LLC increased its position in shares of MicroStrategy by 1.4% in the second quarter. ProShare Advisors LLC now owns 1,370 shares of the company’s stock worth $240,000 after buying an additional 19 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of MicroStrategy by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,080 shares of the company’s stock worth $348,000 after buying an additional 30 shares in the last quarter. American International Group Inc. increased its position in shares of MicroStrategy by 0.5% in the second quarter. American International Group Inc. now owns 7,051 shares of the company’s stock worth $1,234,000 after buying an additional 34 shares in the last quarter. Profund Advisors LLC increased its position in shares of MicroStrategy by 2.9% in the second quarter. Profund Advisors LLC now owns 1,571 shares of the company’s stock worth $275,000 after buying an additional 45 shares in the last quarter. Finally, PineBridge Investments L.P. increased its position in shares of MicroStrategy by 4.0% in the second quarter. PineBridge Investments L.P. now owns 1,191 shares of the company’s stock worth $209,000 after buying an additional 46 shares in the last quarter. Institutional investors own 85.97% of the company’s stock.
A number of research firms have recently weighed in on MSTR. JMP Securities lowered MicroStrategy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Mizuho upped their price objective on MicroStrategy from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. cut their price objective on MicroStrategy from $228.00 to $209.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $215.60.
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MicroStrategy Company Profile
MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud.
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