MicroStrategy Incorporated (NASDAQ:MSTR) Director Buys $19,800,000.00 in Stock

Key Points

• MicroStrategy Director Peter L. Briger, Jr. purchased 220,000 shares of the company's stock for $19.8 million, increasing his total holdings to the same value.
• The stock price of MicroStrategy fell by 2.3% during trading, reaching $394.66 per share, despite its market cap of approximately $107.90 billion.
• Recent earnings revealed a loss of ($16.49) EPS, missing expectations, while quarterly revenue decreased by 3.6% year-over-year to $111.07 million.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Peter L. Briger, Jr. acquired 220,000 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of $90.00 per share, for a total transaction of $19,800,000.00. Following the transaction, the director owned 220,000 shares of the company's stock, valued at approximately $19,800,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MicroStrategy Stock Down 2.3%

Shares of NASDAQ:MSTR traded down $9.14 during midday trading on Tuesday, reaching $394.66. The company had a trading volume of 10,548,228 shares, compared to its average volume of 11,624,211. The business's 50 day moving average price is $395.18 and its 200 day moving average price is $352.04. MicroStrategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $107.90 billion, a PE ratio of -18.09 and a beta of 3.70.

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

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently bought and sold shares of MSTR. American Century Companies Inc. lifted its holdings in shares of MicroStrategy by 7.3% during the fourth quarter. American Century Companies Inc. now owns 24,415 shares of the software maker's stock worth $7,071,000 after buying an additional 1,667 shares in the last quarter. Sei Investments Co. raised its stake in 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 purchasing an additional 3,376 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in MicroStrategy by 926.8% in the 4th quarter. Corebridge Financial Inc. now owns 13,164 shares of the software maker's stock valued at $3,813,000 after purchasing an additional 11,882 shares during the period. Prudential Financial Inc. grew its position in shares of MicroStrategy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 7,865 shares of the software maker's stock worth $2,278,000 after purchasing an additional 240 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of MicroStrategy by 20.0% during 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 period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent research reports. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. Cowen reaffirmed a "buy" rating on shares of MicroStrategy in a report on Monday, July 14th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Barclays reissued a "hold" rating on shares of MicroStrategy in a research note on Monday, May 19th. Finally, UBS Group restated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $531.17.

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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