Insider Buying: MicroStrategy Incorporated (NASDAQ:MSTR) CEO Acquires 6,000 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the purchase, 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 filing with the SEC, which is accessible through this link.

MicroStrategy Trading Up 10.4 %

Shares of MicroStrategy stock opened at $335.72 on Tuesday. The firm’s 50 day moving average is $317.26 and its 200 day moving average is $290.51. The firm has a market capitalization of $86.40 billion, a PE ratio of -59.60 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 current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Analyst Ratings Changes

MSTR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Monness Crespi & Hardt initiated coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating for the company. Barclays dropped their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $536.90.

Institutional Trading of MicroStrategy

A number of hedge funds have recently made changes to their positions in MSTR. National Bank of Canada FI raised its holdings in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in MicroStrategy in the 4th quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy during the third quarter valued at $254,000. Clarity Capital Partners LLC lifted its holdings in shares of MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 6,104 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.