Insider Buying: MicroStrategy Incorporated (NASDAQ:MSTR) Director Purchases 10,000 Shares of Stock

Key Points

• MicroStrategy Director Gregg Winiarski purchased 10,000 shares of the company's stock at an average price of $97.65, totaling $976,500.
• MicroStrategy reported strong earnings with an EPS of $32.60, surpassing estimates significantly, and showed a 2.7% increase in revenue compared to the same quarter last year.
• Analysts have set a consensus price target for MicroStrategy at $552.50, with a majority rating the stock as a "Moderate Buy."

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Gregg Winiarski purchased 10,000 shares of MicroStrategy stock in a transaction on Friday, August 8th. The stock was bought at an average price of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $976,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

MicroStrategy Trading Down 1.5%

NASDAQ:MSTR traded down $5.86 during mid-day trading on Tuesday, hitting $394.39. 8,314,088 shares of the stock traded hands, compared to its average volume of 15,491,563. The stock has a market capitalization of $107.83 billion, a price-to-earnings ratio of 34.72 and a beta of 3.76. MicroStrategy Incorporated has a 52 week low of $113.69 and a 52 week high of $543.00. The firm's 50 day moving average is $397.65 and its two-hundred day moving average is $353.28. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, beating the consensus estimate of ($0.12) by $32.72. The company had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.68 million. MicroStrategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($5.74) EPS.

Institutional Trading of MicroStrategy

Large investors have recently made changes to their positions in the stock. Dunhill Financial LLC purchased a new stake in MicroStrategy in the fourth quarter worth about $26,000. Safe Harbor Fiduciary LLC lifted its position in shares of MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during the period. First United Bank & Trust purchased a new stake in shares of MicroStrategy in the 1st quarter worth approximately $29,000. Siemens Fonds Invest GmbH lifted its position in shares of MicroStrategy by 6,992.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock worth $33,000 after purchasing an additional 117,967 shares during the period. Finally, MCF Advisors LLC purchased a new stake in shares of MicroStrategy in the 2nd quarter worth approximately $35,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on MSTR shares. TD Cowen lifted their price target on shares of MicroStrategy from $590.00 to $680.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. BTIG Research lifted their price target on shares of MicroStrategy from $620.00 to $700.00 and gave the company a "buy" rating in a report on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, Cowen reissued a "buy" rating on shares of MicroStrategy in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and a consensus target price of $552.50.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.

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