MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang Purchases 1,500 Shares of Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang bought 1,500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

MicroStrategy Stock Up 10.4 %

Shares of NASDAQ MSTR opened at $335.72 on Tuesday. The stock has a market capitalization of $86.40 billion, a price-to-earnings ratio of -59.60 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The firm has a 50-day moving average price of $317.26 and a 200 day moving average price of $290.51. 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 posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

A number of institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Riverview Trust Co purchased a new position in MicroStrategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the fourth quarter worth about $25,000. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $26,000. Finally, Safe Harbor Fiduciary LLC grew its position in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on MSTR shares. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Barclays lowered their price objective 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. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $536.90.

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.