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In recent transactions disclosed by MICROSTRATEGY Inc (NASDAQ:MSTR), which has seen its stock surge 145% over the past year and currently trades at $392.03, Vice President and Chief Accounting Officer Jeanine Montgomery reported a series of stock sales. According to InvestingPro analysis, the company’s stock shows significant price volatility and appears overvalued at current levels. On June 5 and 6, Montgomery sold a total of 340 shares of Class A Common Stock, with prices ranging from $370.7 to $377.143 per share. These sales amounted to a total value of approximately $127,343.
The transactions were carried out under a Rule 10b5-1 plan, which was established to cover tax obligations related to previously granted equity awards. Following these transactions, Montgomery’s direct ownership stands at 8,605 shares.
In other recent news, MicroStrategy Inc . has updated its at-the-market (ATM) offerings and bitcoin holdings. During a recent period, the company did not sell any shares under its Common ATM program, which still has $18.63 billion available for issuance. However, MicroStrategy’s STRK ATM program sold 626,639 shares, generating net proceeds of $66.4 million, while the STRF ATM program sold 432,679 shares, securing net proceeds of $45.8 million. The proceeds from these sales were used to acquire 1,045 bitcoins, bringing the company’s total bitcoin holdings to 582,000 as of June 8, 2025.
Additionally, MicroStrategy has priced its initial public offering of Series A Perpetual Stride Preferred Stock to raise approximately $979.7 million. The offering involves 11,764,700 shares priced at $85.00 each, with proceeds earmarked for general corporate purposes, including further bitcoin acquisitions. Meanwhile, Monness, Crespi, Hardt analysts have maintained a Sell rating on MicroStrategy stock, citing concerns about the company’s financial strategies and market conditions.
In contrast, TD Cowen has reaffirmed its Buy rating on MicroStrategy, maintaining a price target of $590.00. The firm highlighted the company’s recent bitcoin purchase, funded through its ATM offering, and the introduction of the STRF preferred stock ATM as beneficial to shareholders. These developments reflect MicroStrategy’s ongoing strategy to leverage its bitcoin holdings and financial instruments to maximize shareholder value.
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