MicroStrategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten Purchases 5,555 Shares

Key Points

• Jarrod M. Patten, a director at MicroStrategy, bought 5,555 shares of the company's stock for a total of $499,950, marking a significant increase in his ownership.
• MicroStrategy reported a negative EPS of ($16.49) for the last quarter, which missed analyst expectations and reflected a 3.6% year-over-year revenue decline.
• The company's stock currently holds a market cap of $107.90 billion and has achieved up to a 52-week high of $543.00, indicating significant stock volatility.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten acquired 5,555 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $90.00 per share, with a total value of $499,950.00. Following the completion of the purchase, the director directly owned 5,555 shares in the company, valued at $499,950. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MicroStrategy Stock Performance

NASDAQ MSTR traded down $9.14 during trading hours on Tuesday, reaching $394.66. The stock had a trading volume of 10,548,228 shares, compared to its average volume of 15,801,925. MicroStrategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The stock has a fifty day moving average of $395.63 and a 200 day moving average of $351.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $107.90 billion, a P/E 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) EPS for the quarter, missing the consensus estimate 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 business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same period last year, the company earned ($0.83) earnings per share. The firm's revenue was down 3.6% on a year-over-year basis.

Institutional Trading of MicroStrategy

A number of hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares during the period. MCF Advisors LLC purchased a new position in shares of MicroStrategy during the 2nd quarter valued at approximately $35,000. Dunhill Financial LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $26,000. Maseco LLP purchased a new stake in MicroStrategy during the second quarter worth $36,000. Finally, Safe Harbor Fiduciary LLC grew its position in MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

MSTR has been the subject of a number of recent research reports. HC Wainwright started coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. Cowen reiterated a "buy" rating on shares of MicroStrategy in a research note on Monday, July 14th. Monness Crespi & Hardt increased their target price on shares of MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a research report on Tuesday, July 15th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Finally, Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. One equities 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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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