MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.1% on Insider Buying Activity

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded up 1.1% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $343.37 and last traded at $339.28. 5,709,041 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 18,046,719 shares. The stock had previously closed at $335.72.

Specifically, CEO Phong Le acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the acquisition, the chief executive officer now owns 6,000 shares of the company’s stock, valued at approximately $510,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In other MicroStrategy news, CFO Andrew Kang purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Analyst Ratings Changes

A number of analysts have commented on MSTR shares. Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Benchmark restated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has an average rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

The stock has a market cap of $86.98 billion, a price-to-earnings ratio of -59.84 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average is $317.26 and its two-hundred day moving average is $290.51.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

Several hedge funds have recently made changes to their positions in MSTR. Riverview Trust Co acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $25,000. Quadrant Capital Group LLC boosted its holdings in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC acquired a new position in MicroStrategy during the 4th quarter worth $26,000. Finally, Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.