Insider Buying: MicroStrategy Incorporated (NASDAQ:MSTR) CFO Acquires 1,500 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang purchased 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Kang also recently made the following trade(s):

• On Monday, March 24th, Andrew Kang sold 2,185 shares of MicroStrategy stock. The stock was sold at an average price of $329.26, for a total transaction of $719,433.10.

MicroStrategy Stock Down 1.4 %

MSTR stock traded down $4.72 during trading on Thursday, hitting $324.59. 13,794,127 shares of the stock traded hands, compared to its average volume of 17,906,626. The stock has a market cap of $83.53 billion, a price-to-earnings ratio of -57.62 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The firm's 50 day moving average is $316.62 and its two-hundred day moving average is $292.37.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate 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

Several hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System increased its holdings in MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after buying an additional 30 shares in the last quarter. Family Management Corp grew its stake in shares of MicroStrategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock worth $397,000 after acquiring an additional 30 shares during the period. GPS Wealth Strategies Group LLC grew its stake in shares of MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock worth $324,000 after acquiring an additional 35 shares during the period. Oder Investment Management LLC raised its holdings in shares of MicroStrategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after purchasing an additional 38 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MSTR shares. Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a "neutral" rating for the company. One 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's stock. According to MarketBeat.com, MicroStrategy presently has an average rating of "Buy" and an average price target of $536.90.

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.