Phong Le Acquires 6,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CEO Phong Le acquired 6,000 shares of the business'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 $510,000.00. Following the completion of the acquisition, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Phong Le also recently made the following trade(s):

• On Monday, March 24th, Phong Le sold 3,281 shares of MicroStrategy stock. The shares were sold at an average price of $329.26, for a total value of $1,080,302.06.

MicroStrategy Price Performance

NASDAQ MSTR traded down $4.72 during trading hours on Thursday, reaching $324.59. 13,794,127 shares of the stock traded hands, compared to its average volume of 17,906,626. 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 stock has a 50 day simple moving average of $316.62 and a two-hundred day simple moving average of $292.37. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a market cap of $83.53 billion, a price-to-earnings ratio of -57.62 and a beta of 3.36.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced 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 Investors Weigh In On MicroStrategy

A number of hedge funds have recently made changes to their positions in MSTR. Mascagni Wealth Management Inc. purchased a new position in MicroStrategy in the 4th quarter worth $58,000. Objective Capital Management LLC purchased a new position in shares of MicroStrategy in the fourth quarter worth about $222,000. 111 Capital bought a new stake in shares of MicroStrategy in the 4th quarter valued at about $907,000. NorthCrest Asset Manangement LLC purchased a new stake in MicroStrategy during the 4th quarter valued at about $354,000. Finally, Northstar Financial Companies Inc. purchased a new stake in MicroStrategy during the 4th quarter valued at about $217,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the topic of several analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of "Buy" and an average 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.