MicroStrategy (NASDAQ:MSTR) Trading 1.1% Higher Following Insider Buying Activity

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 1.1% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $343.37 and last traded at $339.28. Approximately 5,709,041 shares were traded during trading, a decline of 68% from the average daily volume of 18,046,719 shares. The stock had previously closed at $335.72.

Specifically, CEO Phong Le acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at approximately $510,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In other MicroStrategy news, CFO Andrew Kang bought 1,500 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was 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 of the company’s stock, valued at $127,500. The trade was 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 several research reports. Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Maxim Group increased their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Finally, Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. One research 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 has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

The company has a market capitalization of $84.75 billion, a price-to-earnings 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. The company has a 50 day simple moving average of $316.62 and a 200 day simple moving average of $292.37.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of MicroStrategy by 1,486.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after acquiring an additional 5,069 shares in the last quarter. Quest Partners LLC bought a new position in shares of MicroStrategy during the third quarter worth about $208,000. Commerce Bank bought a new stake in MicroStrategy in the third quarter valued at about $419,000. Intech Investment Management LLC raised its stake in MicroStrategy by 1,136.8% during the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after buying an additional 6,639 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in MicroStrategy by 1,109.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,310 shares of the software maker’s stock worth $389,000 after buying an additional 2,119 shares during the last quarter. 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.