Phong Le Buys 6,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le acquired 6,000 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 $510,000.00. Following the transaction, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. 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 Performance

NASDAQ MSTR opened at $341.81 on Wednesday. The business’s 50-day simple moving average is $317.25 and its 200-day simple moving average is $292.11. The firm has a market capitalization of $87.97 billion, a P/E ratio of -60.68 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 current ratio of 0.71 and a quick ratio of 0.65.

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%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MSTR shares. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. Barclays lowered their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. 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, Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. One 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’s stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Buy” and a consensus target price of $536.90.

Institutional Investors Weigh In On MicroStrategy

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

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.