MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.7% Following Insider Buying Activity

Key Points

• MicroStrategy's share price increased by 1.7% on Wednesday, following significant insider buying activity, with a director purchasing 220,000 shares at an average price of $90 per share.
• The company has seen mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $531.17.
• MicroStrategy reported a quarter loss with an EPS of ($16.49), missing estimates considerably, while revenues declined 3.6% year-over-year.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were up 1.7% during mid-day trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as $402.47 and last traded at $401.46. Approximately 1,791,559 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 15,702,263 shares. The stock had previously closed at $394.66.

Specifically, Director Peter L. Briger, Jr. purchased 220,000 shares of MicroStrategy stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, for a total transaction of $19,800,000.00. Following the acquisition, the director owned 220,000 shares in the company, valued at $19,800,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jane A. Dietze purchased 1,500 shares of MicroStrategy 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 $135,000.00. Following the acquisition, the director owned 1,500 shares in the company, valued at approximately $135,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In other MicroStrategy news, EVP Wei-Ming Shao purchased 2,500 shares of MicroStrategy stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, for a total transaction of $225,000.00. Following the acquisition, the executive vice president owned 2,500 shares in the company, valued at $225,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BTIG Research restated a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. HC Wainwright assumed coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target for the company. Barclays restated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, Cowen reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Monday, July 14th. One investment 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. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of "Moderate Buy" and a consensus price target of $531.17.

MicroStrategy Stock Performance

The company has a market cap of $105.43 billion, a PE ratio of -17.58 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's 50-day simple moving average is $395.08 and its two-hundred day simple moving average is $352.85.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results 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). The company had revenue of $111.07 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.83) EPS.

Institutional Trading of MicroStrategy

Several large investors have recently bought and sold shares of the stock. Delta Investment Management LLC purchased a new stake in MicroStrategy during the 2nd quarter worth approximately $2,245,000. Envestnet Asset Management Inc. grew its position in MicroStrategy by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,936 shares of the software maker's stock worth $8,059,000 after purchasing an additional 795 shares during the last quarter. Nisa Investment Advisors LLC grew its position in MicroStrategy by 30.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,605 shares of the software maker's stock worth $8,329,000 after purchasing an additional 4,840 shares during the last quarter. Resonant Capital Advisors LLC grew its position in MicroStrategy by 39.4% during the 2nd quarter. Resonant Capital Advisors LLC now owns 991 shares of the software maker's stock worth $401,000 after purchasing an additional 280 shares during the last quarter. Finally, Atlatl Advisers LLC purchased a new stake in MicroStrategy during the 2nd quarter worth approximately $895,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.