Street Calls of the Week
MicroStrategy Inc . (NASDAQ:MSTR) Executive Vice President and Chief Financial Officer Andrew Kang recently engaged in several transactions involving the company’s securities. According to a Form 4 filing, Kang sold a total of 1,877 shares of Class A Common Stock on June 6, 2025. The sales were executed at prices ranging from $370.703 to $377.143 per share, amounting to a total value of approximately $703,012. The stock, which has delivered a remarkable 145% return over the past year, currently trades at $392.03.
In addition to the sales, Kang acquired 2,250 shares of Series A Perpetual Stride Preferred Stock on June 5, 2025, at a price of $85 per share, totaling $191,250. This purchase was part of a directed share program linked to an underwritten public offering. InvestingPro analysis reveals the company’s stock has shown significant price volatility, with additional insights available in the comprehensive Pro Research Report.
Kang also exercised options to acquire 4,260 shares of Class A Common Stock on June 5, 2025, at no cost, which increased his holdings to 26,337 shares following these transactions. The stock currently trades near its 52-week range of $102.40-$543.00, with analyst price targets spanning from $175 to $650, indicating mixed market sentiment. According to InvestingPro’s Fair Value analysis, the stock appears to be overvalued at current levels.
In other recent news, MicroStrategy Inc. has announced updates on its ATM offerings and bitcoin holdings. The company reported no sales under its Common ATM program, which still has $18.63 billion available for issuance. However, MicroStrategy sold 626,639 shares through its STRK ATM program, generating $66.4 million in net proceeds, and 432,679 shares through its STRF ATM program, securing $45.8 million. These proceeds were used to acquire 1,045 bitcoins at a total purchase price of $110.2 million. Additionally, Strategy priced its initial public offering of Series A Perpetual Stride Preferred Stock to raise approximately $979.7 million, with plans to use the funds for corporate purposes, including bitcoin acquisition.
In terms of analyst ratings, Monness, Crespi, Hardt maintained a Sell rating on Strategy stock, citing concerns about the company’s financial strategies and market conditions. Meanwhile, TD (TSX:TD) Cowen reaffirmed its Buy rating with a $590 price target, highlighting the recent acquisition of 4,020 bitcoins and the introduction of the STRF preferred stock ATM valued at $2.1 billion. The firm believes this new ATM will benefit common shareholders more than previous offerings. Strategy’s financial maneuvers, including the STRD stock offering and bitcoin purchases, continue to be pivotal elements of its overall strategy.
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