MicroStrategy Inc Director Jarrod Patten Sells 2,900 Shares
Director Jarrod Patten has sold 2,900 shares of MicroStrategy Inc (NASDAQ:MSTR) on February 9, 2024, according to a recent SEC Filing. Over the past year, the insider has sold a total of 6,900 shares and has not made any purchases of the company’s stock.
MicroStrategy Inc is a provider of enterprise analytics and mobility software. The company develops software that enables organizations to analyze internal and external data to make business decisions and to develop mobile apps.
The insider transaction history for MicroStrategy Inc shows a pattern of selling activity, with 0 insider buys and 41 insider sells over the past year.
On the date of the insider’s most recent transaction, shares of MicroStrategy Inc were trading at $566.15, giving the company a market cap of $10.902 billion.
The stock’s price-earnings ratio stands at 501.02, which is above both the industry median of 26.64 and the company’s historical median price-earnings ratio.
According to the GuruFocus Value assessment, with a share price of $566.15 and a GF Value of $288.59, MicroStrategy Inc has a price-to-GF-Value ratio of 1.96, indicating that the stock is Significantly Overvalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
