MicroStrategy (NASDAQ:MSTR) Trading Up 1.1% Following Insider Buying Activity

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares shot up 1.1% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $343.37 and last traded at $339.28. 5,709,041 shares traded hands during trading, a decline of 68% from the average session volume of 18,046,719 shares. The stock had previously closed at $335.72.

Specifically, CEO Phong Le acquired 6,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were 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 approximately $510,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price 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 $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In other MicroStrategy news, 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 completion of the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MSTR. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Monness Crespi & Hardt started coverage on MicroStrategy in a research report on Wednesday, March 19th. They issued a "neutral" rating on the stock. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $536.90.

MicroStrategy Trading Down 8.8 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market cap of $76.17 billion, a P/E ratio of -53.35 and a beta of 3.36. The stock has a fifty day simple moving average of $315.78 and a 200 day simple moving average of $292.60.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its 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 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 added to or reduced their stakes in MSTR. National Bank of Canada FI grew its holdings in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after acquiring an additional 18,207 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of MicroStrategy during the 4th quarter valued at about $81,783,000. Clarity Capital Partners LLC boosted its holdings in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after buying an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in MicroStrategy during the third quarter valued at approximately $254,000. Finally, Wellington Management Group LLP boosted its stake in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after acquiring an additional 6,104 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.