Wei-Ming Shao Buys 500 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

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

MicroStrategy Stock Performance

Shares of MSTR traded up $31.72 on Monday, reaching $335.72. 22,854,279 shares of the stock traded hands, compared to its average volume of 18,046,531. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock’s 50-day moving average price is $317.11 and its 200-day moving average price is $288.99. The firm has a market cap of $86.40 billion, a price-to-earnings ratio of -59.60 and a beta of 3.36.

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

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of MicroStrategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank bought a new stake in MicroStrategy in the 4th quarter valued at $523,981,000. Northern Trust Corp raised its holdings in MicroStrategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after acquiring an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in MicroStrategy by 25.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after buying an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in MicroStrategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after acquiring an additional 97,515 shares during the period. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSTR. Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Monness Crespi & Hardt initiated coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One research 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. According to MarketBeat.com, the stock presently 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.