MicroStrategy Inc Executive Chairman and 10% Owner Michael Saylor Sells Company Shares
MicroStrategy Inc (NASDAQ:MSTR), a provider of enterprise analytics and mobility software, has reported an insider sale according to a recent SEC filing. Executive Chairman and 10% Owner Michael Saylor sold 1,675 shares of the company on March 6, 2024.The transaction was executed at an average price of $1,235.29 per share, resulting in a total sale amount of approximately $2,070,110.75. Following this transaction, the insider's stake in MicroStrategy Inc has been adjusted accordingly.Over the past year, Michael Saylor has sold a total of 200,000 shares of MicroStrategy Inc and has not made any share purchases. This latest sale continues a trend observed over the past year, where there have been no insider buys but a total of 84 insider sells for the company.
The market capitalization of MicroStrategy Inc stands at $24.177 billion, reflecting the company's significant presence in the software industry. The stock's price-earnings ratio is currently 55.99, which is above both the industry median of 27.61 and the historical median for the company.According to the GuruFocus Value chart, MicroStrategy Inc's stock is trading at a price-to-GF-Value ratio of 4.89, indicating that the stock is significantly overvalued when compared to the GF Value of $252.82.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.Investors and stakeholders in MicroStrategy Inc may consider the insider selling activity as part of their analysis when making investment decisions, although it is important to note that insider transactions are not necessarily indicative of future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
