MicroStrategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao Purchases 500 Shares

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

MicroStrategy Stock Up 10.4 %

Shares of NASDAQ:MSTR opened at $335.72 on Tuesday. The stock has a 50-day simple moving average of $317.26 and a 200-day simple moving average of $290.51. The stock 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 debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Monness Crespi & Hardt initiated coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $536.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its holdings in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy during the third quarter valued at approximately $254,000. Clarity Capital Partners LLC lifted its position in shares of MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the period. 59.84% of the stock is 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.