MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao Acquires 500 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Wei-Ming Shao also recently made the following trade(s):

• On Monday, March 24th, Wei-Ming Shao sold 2,051 shares of MicroStrategy stock. The stock was sold at an average price of $329.26, for a total value of $675,312.26.

MicroStrategy Price Performance

NASDAQ MSTR opened at $329.31 on Thursday. The stock has a market capitalization of $84.75 billion, a price-to-earnings ratio of -58.46 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business’s fifty day moving average price is $316.62 and its 200-day moving average price is $292.37.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently made changes to their positions in the business. Riverview Trust Co purchased a new stake in MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at $25,000. 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 purchasing an additional 77 shares in the last quarter. Dunhill Financial LLC bought a new position in MicroStrategy in the 4th quarter worth $26,000. Finally, Sunbelt Securities Inc. lifted its position in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating for the company. Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.