Potential Price Increase for MicroStrategy Incorporated (MSTR) After Recent Insider Activity


MicroStrategy Incorporated’s recently made public that its Director Patten Jarrod M unloaded Company’s shares for reported $0.17 million on Aug 09. In the deal valued at $379.55 per share,450 shares were sold. As a result of this transaction, Patten Jarrod M now holds 0 shares worth roughly $ 0.0.

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Then, Patten Jarrod M sold 450 shares, generating $175,972 in total proceeds. Upon selling the shares at $391.05, the Director now owns 0 shares.

Before that, Patten Jarrod M sold 1,000 shares. MicroStrategy Incorporated shares valued at $389,870 were divested by the Director at a price of $389.87 per share. As a result of the transaction, Patten Jarrod M now holds 0 shares, worth roughly $0.0.

TD Cowen initiated its MicroStrategy Incorporated [MSTR] rating to an Outperform in a research note published on Monday, July 26, 2023; the price target was $520. PT values the company’s stock at a premium of 34.5 to its Monday closing price.

Price Performance Review of MSTR

On Monday, MicroStrategy Incorporated [NASDAQ:MSTR] saw its stock fall -0.05% to $340.62. On the same session, the stock had its day’s lowest price of $338.99, but rose to a high of $356.3299. Over the last five days, the stock has lost -0.60%. MicroStrategy Incorporated shares have risen nearly 140.60% since the year began. Nevertheless, the stocks have risen 57.01% over the past one year. While a 52-week high of $475.09 was reached on 07/14/23, a 52-week low of $132.56 was recorded on 01/03/23. SMA at 50 days reached $385.39, while 200 days put it at $293.32. A total of 0.58 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For MSTR Stock

The 24-hour chart illustrates a support level at 334.30, which if violated will result in even more drops to 327.97. On the upside, there is a resistance level at 351.64. A further resistance level may holdings at 362.65. The Relative Strength Index (RSI) on the 14-day chart is 42.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.11%. Stochastics %K at 15.85% indicates the stock is a buying.

How much short interest is there in MicroStrategy Incorporated?

A steep rise in short interest was recorded in MicroStrategy Incorporated stocks on Aug 30, 2023, growing by 0.24 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 2.56 million shares. There was a rise of 8.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 26.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.65.

MicroStrategy Incorporated [MSTR] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 1,549,667 shares, or roughly 12.78% of the outstanding MSTR shares. In other words, the investor’s shares have risen by 3,274 from its previous 13-F filing of 1546393.0. Additionally, The Vanguard Group, Inc. increased 5.92% of its stake after which the total value it holdings stand at $354,754,852, while BlackRock Fund Advisors added 19.09% of its stake to hold $261.02 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -355,673 shares of MicroStrategy Incorporated, while SSgA Funds Management, Inc. sold 20,939 shares. At present, Geode Capital Management LLC is holding 221,013 shares valued at $79.02 million. Susquehanna Financial Group LLLP owned 197,789 shares of the company at the time of its most recent 13F filing, worth $70.72 million.

According to FactSet, MicroStrategy Incorporated’s share price will average $448.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 49.66 percent from its previous closing price of $340.78. Analysts expect MicroStrategy Incorporated stock to reach the higher price of $520.00, while the lowest price estimate is $210.00. However, 5 analysts have rated MSTR stock as an Overweight in their predictions for 2023.


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