Wei-Ming Shao Purchases 500 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao acquired 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, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wei-Ming Shao also recently made the following trade(s):

• On Monday, March 24th, Wei-Ming Shao sold 2,051 shares of MicroStrategy stock. The stock was sold at an average price of $329.26, for a total value of $675,312.26.

MicroStrategy Price Performance

MSTR stock traded down $4.72 during trading on Thursday, hitting $324.59. 13,794,127 shares of the company's stock traded hands, compared to its average volume of 17,906,626. The stock has a market capitalization of $83.53 billion, a price-to-earnings ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. 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 business has a fifty day simple moving average of $316.62 and a 200 day simple moving average of $292.37.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last released 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%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They set a "neutral" rating for the company. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. 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 MarketBeat, MicroStrategy currently has a consensus rating of "Buy" and an average price target of $536.90.

Institutional Trading of MicroStrategy

Several institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of MicroStrategy during the third quarter valued at approximately $261,000. Empowered Funds LLC purchased a new position in MicroStrategy during the 3rd quarter valued at $440,000. Thrivent Financial for Lutherans grew its position in MicroStrategy by 1,486.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock valued at $912,000 after acquiring an additional 5,069 shares during the last quarter. Quest Partners LLC purchased a new stake in MicroStrategy in the third quarter worth $208,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MicroStrategy during the third quarter worth $609,000. Institutional investors own 59.84% of the company's stock.

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.