CEO of Microstrategy sold $13.5M of stock, possibly indicating negative insider sentiment.

From Nasdaq

August 26, 2024 7:02:36 am:

Microstrategy’s President and CEO, Phong Le, sold $13.5 million of MSTR stock due to a 137.5% rise in shares this year. The surge is linked to growing value in Bitcoin holdings, reaching 226,500 bitcoins. Le divested 50,000 shares in August, alongside insider sales of $22.3 million seeing Very Negative confidence. Stock receives a Strong Buy consensus with a $216.63 target price, indicating 44.41% potential upside.

Read more at Nasdaq: Insider Trading: Microstrategy’s CEO Offloads Stock Worth $13.5M