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

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 1.1% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $343.37 and last traded at $339.28. 5,709,041 shares traded hands during mid-day 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 acquired 6,000 shares of the firm’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 transaction, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In related news, CFO Andrew Kang purchased 1,500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group decreased 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 currently has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Up 0.7 %

The business’s fifty day simple moving average is $317.26 and its two-hundred day simple moving average is $290.51. The company has a market cap of $86.98 billion, a PE ratio of -59.84 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. National Bank of Canada FI increased its holdings in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth about $81,783,000. Clarity Capital Partners LLC lifted its stake in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after buying an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy in the 3rd quarter valued at about $254,000. Finally, Wellington Management Group LLP boosted its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after buying an additional 6,104 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.