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 seen a recent insider sell according to a new SEC filing. Executive Chairman and 10% Owner Michael Saylor sold 1,508 shares of the company on March 14, 2024. The transaction was reported in an SEC filing, which can be accessed here.Over the past year, the insider has sold a total of 225,000 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider sells at MicroStrategy Inc, with a total of 97 insider sells and no insider buys occurring over the past year.
On the day of the sale, shares of MicroStrategy Inc were trading at $1,692.15, giving the company a market capitalization of $30.211 billion. The price-earnings ratio of the company stands at 63.25, which is above both the industry median of 27.88 and the company's historical median price-earnings ratio.The stock's valuation also appears to be high when considering the GuruFocus Value; with a share price of $1,692.15 and a GF Value of $251.22, MicroStrategy Inc has a price-to-GF-Value ratio of 6.74, indicating that the stock is Significantly Overvalued according to this metric.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.The recent insider sell by Michael Saylor may attract the attention of investors and analysts who track insider behavior as an indicator of a company's financial health and future performance. However, it is important to note that insider transactions are only one of many factors that should be considered when evaluating a company's stock.
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.
