Andrew Kang Purchases 1,500 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang acquired 1,500 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MicroStrategy Trading Up 1.8 %

Shares of NASDAQ:MSTR opened at $341.81 on Wednesday. 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 12-month low of $101.00 and a 12-month high of $543.00. The business has a 50 day moving average of $317.25 and a two-hundred day moving average of $292.11. The company has a market capitalization 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) earnings per share (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%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSTR. Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald increased their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Buy” and an average price target of $536.90.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its holdings in MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after purchasing an additional 30 shares during the period. Family Management Corp raised its stake in shares of MicroStrategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after buying an additional 30 shares during the period. GPS Wealth Strategies Group LLC lifted its position in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares in the last quarter. Oder Investment Management LLC grew its stake in MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after acquiring an additional 38 shares during the period. Finally, Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.