MicroStrategy Incorporated (NASDAQ:MSTR) Director Buys $408,840.00 in Stock

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MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) Director Leslie J. Rechan bought 2,000 shares of the stock in a transaction dated Wednesday, May 11th. The stock was bought at an average price of $204.42 per share, with a total value of $408,840.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $408,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ MSTR opened at $204.57 on Friday. MicroStrategy Incorporated has a fifty-two week low of $134.09 and a fifty-two week high of $891.38. The business has a 50 day moving average price of $408.92 and a two-hundred day moving average price of $504.58. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.81 and a current ratio of 0.81.

MicroStrategy (NASDAQ:MSTRGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($11.92). MicroStrategy had a negative net margin of 109.68% and a negative return on equity of 30.40%. The business had revenue of $119.28 million for the quarter, compared to analyst estimates of $126.23 million. During the same quarter last year, the business earned $1.05 EPS. MicroStrategy’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that MicroStrategy Incorporated will post -11.76 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in MicroStrategy by 27.4% during the 4th quarter. Capital International Investors now owns 1,338,625 shares of the software maker’s stock worth $728,868,000 after buying an additional 288,104 shares during the last quarter. Vanguard Group Inc. lifted its holdings in MicroStrategy by 36.4% during the 1st quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock worth $431,960,000 after buying an additional 237,109 shares during the last quarter. Capital World Investors lifted its holdings in MicroStrategy by 366.7% during the 4th quarter. Capital World Investors now owns 587,996 shares of the software maker’s stock worth $320,158,000 after buying an additional 461,996 shares during the last quarter. Morgan Stanley lifted its holdings in MicroStrategy by 11.0% during the 3rd quarter. Morgan Stanley now owns 431,687 shares of the software maker’s stock worth $249,689,000 after buying an additional 42,904 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in MicroStrategy by 31.9% during the 1st quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock worth $110,297,000 after buying an additional 54,911 shares during the last quarter. 52.87% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on MSTR. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Thursday. TheStreet lowered MicroStrategy from a “c-” rating to a “d+” rating in a research note on Monday, May 9th. BTIG Research reiterated a “buy” rating and issued a $950.00 target price on shares of MicroStrategy in a research note on Friday, January 21st. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 30th. Finally, Canaccord Genuity Group lowered their price objective on MicroStrategy from $540.00 to $453.00 in a research note on Wednesday, May 4th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $613.29.

MicroStrategy Company Profile (Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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