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

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 acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

MicroStrategy Price Performance

Shares of MSTR opened at $341.81 on Wednesday. The firm has a fifty day simple moving average of $317.25 and a two-hundred day simple moving average of $292.11. The firm has a market cap of $87.97 billion, a PE ratio of -60.68 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.

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

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mascagni Wealth Management Inc. bought a new position in MicroStrategy in the fourth quarter worth approximately $58,000. Objective Capital Management LLC purchased a new stake in shares of MicroStrategy in the 4th quarter worth $222,000. 111 Capital bought a new position in MicroStrategy in the 4th quarter worth $907,000. NorthCrest Asset Manangement LLC purchased a new position in MicroStrategy during the fourth quarter valued at $354,000. Finally, Northstar Financial Companies Inc. bought a new stake in MicroStrategy during the fourth quarter valued at about $217,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of a number of analyst reports. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Cantor Fitzgerald lifted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. One investment 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, the stock currently has a consensus rating of “Buy” and an average price target 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.