Wei-Ming Shao Acquires 500 Shares of MicroStrategy Incorporated

Wei-Ming Shao, the Executive Vice President of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report), recently purchased 500 shares of the company's stock on March 20th. The acquisition was made at an average price of $85.00 per share, culminating in a total investment of $42,500. Following this purchase, Shao now owns 500 shares of MicroStrategy, which are valued at approximately $42,500. This transaction reflects an increase in their ownership of the stock. The details of this transaction were disclosed in a filing with the SEC and can be reviewed on the SEC website.

MicroStrategy Stock Overview

The shares of MicroStrategy traded positively recently, with a rise of $31.72 on a day to reach $335.72. During this trading session, 22,854,279 shares changed hands, exceeding the average trading volume of 18,046,531 shares. Over the past 12 months, MicroStrategy has experienced a low of $101.00 and a high of $543.00. Key financial metrics include a debt-to-equity ratio of 0.39, a current ratio of 0.71, and a quick ratio of 0.65. Furthermore, the stock's 50-day moving average price stands at $317.11, while the 200-day moving average price is $288.99. The market capitalization of MicroStrategy is approximately $86.40 billion, currently showing a price-to-earnings ratio of -59.60, signifying challenges with profitability as indicated by a beta of 3.36.

Recent Financial Performance

In its latest earnings announcement on February 5th, MicroStrategy reported earnings per share (EPS) of ($3.20) for the quarter, which was significantly below analysts' expectations of ($0.13). The company has been facing significant pressure, highlighted by a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Investor Movements

Recently, several institutional investors have adjusted their stakes in MicroStrategy. Geode Capital Management LLC increased its holdings by 10.2% in the fourth quarter, acquiring an additional 281,342 shares, bringing their total to 3,047,625 shares valued at $881,470,000. Similarly, Norges Bank established a new position in MicroStrategy valued at $523,981,000 during the same period. Noteworthy is that Northern Trust Corp raised its holdings by 24.4%, supplementing its inventory with 210,997 shares, now totaling 1,076,185 shares valued at $311,685,000. UBS Asset Management also increased its position by 25.4%, obtaining an extra 162,757 shares, growing its total to 802,464 shares valued at $232,410,000. Charles Schwab Investment Management Inc. also raised its stake by 14.7%, adding 97,515 shares for a total of 761,776 shares worth $220,626,000. Currently, institutional investors hold around 59.84% of the company’s total shares.

Analysts' Perspectives

Various brokerages have recently weighed in on MicroStrategy stock. Barclays reduced its price target from $515.00 to $421.00 while maintaining an "overweight" rating on the shares. Monness Crespi & Hardt recently initiated coverage, rating it as "neutral." Mizuho also commenced coverage with an "outperform" rating and a price target of $515.00. TD Cowen increased its price target from $392.00 to $525.00, continuing to endorse the stock with a "buy" rating. Lastly, Benchmark reiterated a "buy" rating with a price target of $650.00. Overall, one analyst has rated the stock as a hold, nine analysts have given it a buy rating, and one has assigned a strong buy rating. According to MarketBeat.com, MicroStrategy maintains an average rating of "Buy" and has an average target price of $536.90.

About MicroStrategy

MicroStrategy Incorporated specializes in providing enterprise analytics software and services driven by artificial intelligence. The company operates in various regions including the United States, Europe, the Middle East, and Africa. Their flagship product, MicroStrategy ONE, enables non-technical users to access actionable insights for intelligent decision-making. Furthermore, they offer MicroStrategy Cloud for Government, which ensures consistent threat monitoring in compliance with the rigorous needs of governments and financial institutions.

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