MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le Purchases 6,000 Shares

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Phong Le acquired 6,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Phong Le also recently made the following trade(s):

• On Monday, March 24th, Phong Le sold 3,281 shares of MicroStrategy stock. The shares were sold at an average price of $329.26, for a total value of $1,080,302.06.

MicroStrategy Trading Down 3.7 %

NASDAQ:MSTR opened at $329.31 on Thursday. The stock has a market cap of $84.75 billion, a price-to-earnings ratio of -58.46 and a beta of 3.36. 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 1 year low of $101.00 and a 1 year high of $543.00. The business has a fifty day moving average of $316.62 and a 200-day moving average of $292.37.

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

Analyst Upgrades and Downgrades

MSTR has been the topic of several research analyst reports. Mizuho began coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Buy” and an average price target of $536.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in MicroStrategy in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter valued at $25,000. Quadrant Capital Group LLC raised its stake in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $26,000. Finally, Sunbelt Securities Inc. boosted its stake in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

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.