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

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price shot up 1.1% on Tuesday following insider buying activity. The stock traded as high as $343.37 and last traded at $339.28. 5,709,041 shares were traded 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 purchased 6,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the acquisition, the chief executive officer now owns 6,000 shares in the company, valued at $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 at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In related news, CFO Andrew Kang acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. 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 the SEC website.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSTR shares. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Cantor Fitzgerald boosted 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. Finally, Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Trading Down 3.7 %

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 firm has a market cap of $84.75 billion, a PE ratio of -58.46 and a beta of 3.36. The business has a fifty day moving average price of $316.62 and a 200 day moving average price of $292.37.

MicroStrategy (NASDAQ:MSTR) last posted 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of MicroStrategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank purchased a new position in MicroStrategy during the fourth quarter worth about $523,981,000. Northern Trust Corp lifted its position in MicroStrategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after purchasing an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in MicroStrategy by 25.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after purchasing an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the period. 59.84% of the stock is 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.