MicroStrategy Incorporated (NASDAQ:MSTR) EVP Buys $225,000.00 in Stock

Key Points

• Wei-Ming Shao, Executive Vice President of MicroStrategy, purchased 2,500 shares at $90 per share for a total of $225,000, significantly increasing his holdings in the company.
• MicroStrategy's stock recently traded down by 2.3%, with its price at $394.66 and a market cap of $107.90 billion.
• Analysts rated MicroStrategy with a consensus of "Moderate Buy," while the average price target is set at $531.17.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average cost of $90.00 per share, for a total transaction of $225,000.00. Following the completion of the purchase, the executive vice president owned 2,500 shares in the company, valued at $225,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wei-Ming Shao also recently made the following trade(s):

• On Monday, July 14th, Wei-Ming Shao sold 10,900 shares of MicroStrategy stock. The shares were sold at an average price of $448.89, for a total transaction of $4,892,901.00.
• On Friday, July 11th, Wei-Ming Shao sold 10,000 shares of MicroStrategy stock. The shares were sold at an average price of $431.98, for a total transaction of $4,319,800.00.
• On Wednesday, July 9th, Wei-Ming Shao sold 32,500 shares of MicroStrategy stock. The stock was sold at an average price of $401.47, for a total value of $13,047,775.00.
• On Thursday, July 10th, Wei-Ming Shao sold 20,000 shares of MicroStrategy stock. The shares were sold at an average price of $418.60, for a total value of $8,372,000.00.
• On Friday, June 6th, Wei-Ming Shao sold 1,701 shares of MicroStrategy stock. The stock was sold at an average price of $374.54, for a total value of $637,092.54.
• On Thursday, June 5th, Wei-Ming Shao acquired 3,527 shares of MicroStrategy stock. The shares were bought at an average cost of $85.00 per share, for a total transaction of $299,795.00.

MicroStrategy Trading Down 2.3%

NASDAQ:MSTR traded down $9.14 on Tuesday, hitting $394.66. 10,548,228 shares of the stock were exchanged, compared to its average volume of 15,801,925. The stock has a fifty day moving average of $395.63 and a 200-day moving average of $351.75. The stock has a market cap 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. MicroStrategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00.

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

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently made changes to their positions in the business. Mountain Capital Investment Advisors Inc. increased its holdings in MicroStrategy by 19.2% in the 2nd quarter. Mountain Capital Investment Advisors Inc. now owns 1,242 shares of the software maker's stock valued at $464,000 after purchasing an additional 200 shares in the last quarter. Crux Wealth Advisors purchased a new stake in shares of MicroStrategy during the second quarter worth about $226,000. Chicago Partners Investment Group LLC increased its holdings in MicroStrategy by 11.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 11,753 shares of the software maker's stock worth $4,850,000 after purchasing an additional 1,209 shares during the last quarter. Pinnacle Wealth Management LLC increased its stake in shares of MicroStrategy by 853.2% in the second quarter. Pinnacle Wealth Management LLC now owns 6,663 shares of the software maker's stock worth $2,693,000 after buying an additional 5,964 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of MicroStrategy by 22.0% in the 2nd quarter. International Assets Investment Management LLC now owns 1,121 shares of the software maker's stock valued at $453,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

MSTR has been the topic of a number of recent research reports. BTIG Research restated a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Barclays restated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, TD Cowen upped their target price on MicroStrategy from $590.00 to $680.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, one has given 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 has an average rating of "Moderate Buy" and an average price target of $531.17.

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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