MicroStrategy (NASDAQ:MSTR) Trading 5.9% Higher Following Insider Buying Activity

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 5.9% on Monday after an insider bought additional shares in the company. The stock traded as high as $332.06 and last traded at $321.91. 8,479,875 shares changed hands during mid-day 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 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 $510,000.00. Following the completion of the purchase, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao bought 500 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, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In other MicroStrategy news, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSTR. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy Trading Up 1.8 %

The stock has a 50-day moving average of $317.25 and a two-hundred day moving average of $292.11. The company has a market cap of $87.97 billion, a P/E ratio of -60.68 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy in the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted its stake in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in shares of MicroStrategy in the 4th quarter worth $26,000. Finally, Sunbelt Securities Inc. raised its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

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.