MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang Buys 1,500 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang bought 1,500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $341.81 on Wednesday. The business has a 50-day simple moving average of $317.25 and a 200-day simple moving average of $292.11. 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 Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a market cap of $87.97 billion, a PE ratio of -60.68 and a beta of 3.36.

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

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently modified their holdings of the business. Riverview Trust Co acquired a new stake in MicroStrategy during the 4th quarter worth $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its holdings in shares of MicroStrategy by 855.6% during the fourth 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. Dunhill Financial LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. raised its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MSTR shares. Monness Crespi & Hardt initiated coverage on MicroStrategy in a report on Wednesday, March 19th. They issued a “neutral” rating on the stock. Barclays lowered their price target 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. Maxim Group increased their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. 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 stock. According to MarketBeat, MicroStrategy currently has an average rating of “Buy” and a consensus target price of $536.90.

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.