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

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao bought 500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $341.81 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market cap of $87.97 billion, a price-to-earnings ratio of -60.68 and a beta of 3.36. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The company has a 50-day moving average price of $317.25 and a 200-day moving average price of $292.11.

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

Several large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the period. Riverview Trust Co bought a new position in MicroStrategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy in the fourth quarter worth about $25,000. Dunhill Financial LLC bought a new stake in MicroStrategy during the 4th quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC grew its holdings in shares of MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after acquiring an additional 82 shares during the period. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Maxim Group upped their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Finally, Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $536.90.

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.