MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le Acquires 6,000 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased 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 directly owns 6,000 shares of the company’s stock, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $31.72 during trading on Monday, reaching $335.72. 22,854,279 shares of the company’s stock traded hands, compared to its average volume of 18,046,531. The firm’s 50-day moving average is $317.11 and its 200 day moving average is $288.99. The company has a market capitalization of $86.40 billion, a P/E ratio of -59.60 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MSTR. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Mizuho started coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $536.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its holdings in MicroStrategy by 855.6% in 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 period. Dunhill Financial LLC purchased a new position in shares of MicroStrategy during the 4th quarter valued at $26,000. Finally, Sunbelt Securities Inc. increased its holdings 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 period. Institutional investors own 59.84% of the company’s stock.

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.