MicroStrategy Incorporated (NASDAQ:MSTR) CEO Acquires $510,000.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le acquired 6,000 shares of the business’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 $510,000.00. Following the acquisition, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

MicroStrategy Trading Up 10.4 %

Shares of MicroStrategy stock traded up $31.72 on Monday, hitting $335.72. The stock had a trading volume of 22,854,279 shares, compared to its average volume of 18,046,531. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The stock’s 50-day simple moving average is $317.11 and its two-hundred day simple moving average is $288.99. The stock has a market cap of $86.40 billion, a price-to-earnings ratio of -59.60 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results 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 Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Riverview Trust Co bought a new stake in shares of MicroStrategy in the 4th quarter worth $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the 4th quarter worth about $25,000. Dunhill Financial LLC purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC lifted its position in MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock valued at $27,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt began coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Company Profile

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.