MicroStrategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang Acquires 2,800 Shares

Key Points

• Andrew Kang, CFO of MicroStrategy, recently acquired 2,800 shares of the company's stock at an average price of $90.00 per share, totaling $252,000.
• MicroStrategy's stock price decreased by 2.3% to $394.66, with a twelve-month low of $102.40 and high of $543.00.
• Despite the recent stock decline, several analysts have set new price targets, with one firm raising their target for MicroStrategy from $590.00 to $680.00 while maintaining a "buy" rating.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang purchased 2,800 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief financial officer owned 2,800 shares of the company's stock, valued at $252,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Andrew Kang also recently made the following trade(s):

• On Friday, June 6th, Andrew Kang sold 1,877 shares of MicroStrategy stock. The stock was sold at an average price of $374.54, for a total value of $703,011.58.
• On Thursday, June 5th, Andrew Kang acquired 2,250 shares of MicroStrategy stock. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $191,250.00.
• On Tuesday, May 20th, Andrew Kang sold 5,638 shares of MicroStrategy stock. The shares were sold at an average price of $410.22, for a total transaction of $2,312,820.36.

MicroStrategy Stock Down 2.3%

Shares of MSTR traded down $9.14 on Tuesday, reaching $394.66. The company's stock had a trading volume of 10,548,228 shares, compared to its average volume of 15,801,925. MicroStrategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock has a market capitalization of $107.90 billion, a PE ratio of -18.09 and a beta of 3.70. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $395.63 and a 200-day moving average of $351.75.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The company had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the prior year, the business earned ($0.83) EPS. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year.

Analysts Set New Price Targets

MSTR has been the topic of several recent research reports. TD Cowen raised their price objective on MicroStrategy from $590.00 to $680.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. UBS Group reissued a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. HC Wainwright began coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective for the company. BTIG Research reissued a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Finally, Monness Crespi & Hardt raised their price target on shares of MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $531.17.

Institutional Trading of MicroStrategy

Several institutional investors have recently made changes to their positions in MSTR. American Century Companies Inc. grew its position in MicroStrategy by 7.3% in the 4th quarter. American Century Companies Inc. now owns 24,415 shares of the software maker's stock worth $7,071,000 after purchasing an additional 1,667 shares in the last quarter. Sei Investments Co. boosted its stake in shares of MicroStrategy by 39.3% in the 4th quarter. Sei Investments Co. now owns 11,972 shares of the software maker's stock worth $3,468,000 after buying an additional 3,376 shares during the last quarter. Corebridge Financial Inc. increased its position in shares of MicroStrategy by 926.8% during the fourth quarter. Corebridge Financial Inc. now owns 13,164 shares of the software maker's stock valued at $3,813,000 after acquiring an additional 11,882 shares during the last quarter. Prudential Financial Inc. lifted its holdings in MicroStrategy by 3.1% during the fourth quarter. Prudential Financial Inc. now owns 7,865 shares of the software maker's stock worth $2,278,000 after acquiring an additional 240 shares during the period. Finally, Blair William & Co. IL boosted its position in MicroStrategy by 20.0% in the fourth quarter. Blair William & Co. IL now owns 15,158 shares of the software maker's stock worth $4,390,000 after purchasing an additional 2,523 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

MicroStrategy Company Profile

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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