MicroStrategy (NASDAQ:MSTR) Stock Price Up 5.9% on Insider Buying Activity

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) traded up 5.9% during trading on Monday following insider buying activity. The stock traded as high as $332.06 and last traded at $321.91. 8,479,875 shares were traded during trading, a decline of 53% from the average session volume of 17,992,060 shares. The stock had previously closed at $304.00.

Specifically, CEO Phong Le acquired 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In other news, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Remove Ads

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSTR shares. Monness Crespi & Hardt began coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a "neutral" rating for the company. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group decreased 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. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Finally, Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $536.90.

MicroStrategy Price Performance

The company has a market capitalization of $82.54 billion, a price-to-earnings ratio of -56.94 and a beta of 3.36. The stock's 50-day simple moving average is $316.62 and its two-hundred day simple moving average is $292.37. 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 (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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

Large investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System boosted its holdings in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after acquiring an additional 30 shares during the period. 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 in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares during the period. Oder Investment Management LLC raised its position in MicroStrategy by 3.1% in the 4th 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 in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after buying an additional 39 shares during the period. 59.84% of the stock is currently 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.