MicroStrategy Incorporated (NASDAQ:MSTR) EVP Buys $42,500.00 in Stock

MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao bought 500 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now owns 500 shares of the company’s stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wei-Ming Shao also recently made the following trade(s):

• On Monday, March 24th, Wei-Ming Shao sold 2,051 shares of MicroStrategy stock. The stock was sold at an average price of $329.26, for a total transaction of $675,312.26.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $329.31 on Thursday. The business has a 50 day moving average of $316.62 and a 200 day moving average of $292.37. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a market cap of $84.75 billion, a PE ratio of -58.46 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.

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

A number of brokerages recently commented on MSTR. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group lifted 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 dropped their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Monness Crespi & Hardt started coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Finally, Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $536.90.

Institutional Trading of MicroStrategy

Institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in shares of MicroStrategy in the 3rd quarter worth approximately $261,000. Empowered Funds LLC purchased a new stake in MicroStrategy in the third quarter worth $440,000. Thrivent Financial for Lutherans raised its holdings in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after purchasing an additional 5,069 shares in the last quarter. Quest Partners LLC purchased a new position in MicroStrategy during the third quarter valued at $208,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MicroStrategy during the 3rd quarter valued at $609,000. 59.84% of the stock is currently 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.