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

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price shot up 5.9% during mid-day trading 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 traded 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 firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now 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 related news, CFO Andrew Kang acquired 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

MSTR has been the topic of a number of research reports. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Maxim Group upped their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their price objective 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. One 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Up 1.8 %

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 quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $317.25 and a 200 day moving average of $292.11.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mascagni Wealth Management Inc. bought a new stake in MicroStrategy during the fourth quarter valued at about $58,000. Objective Capital Management LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at approximately $222,000. 111 Capital bought a new position in shares of MicroStrategy in the fourth quarter worth approximately $907,000. NorthCrest Asset Manangement LLC bought a new position in MicroStrategy in the 4th quarter worth $354,000. Finally, Northstar Financial Companies Inc. bought a new position in shares of MicroStrategy in the fourth quarter worth about $217,000. Hedge funds and other 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.