Company’s President and CEO purchases 5,500 shares of $MSTR

sales selling 27,370 shares for an estimated $10,199,235. LEWIS J RECHAN has also engaged in insider trading activity, with 3 sales amounting to 15,000 shares sold for an estimated $5,038,440. President and CEO Phong Le conducted 3 purchases, acquiring a total of 16,000 shares for an estimated $1,387,500, along with 10 sales of 8,576 shares for an estimated $3,063,506. Additionally, EVP and CFO Andrew Kang participated in 3 purchases, buying 6,550 shares for approximately $570,750, and 14 sales, selling 9,700 shares for around $3,735,247. In another transaction, Jane A Dietze purchased 1,500 shares for an estimated $135,000.

Hedge fund activity surrounding $MSTR stock has also been notable, with 670 institutional investors adding shares to their portfolios, while 354 decreased their holdings in the most recent quarter. Major moves included Vanguard Group Inc. adding 4,283,291 shares (+26.3%), BlackRock, Inc. increasing by 3,157,005 shares (+28.0%), and Capital Research Global Investors adding 2,632,421 shares (+2418.3%). On the contrary, Bank of Montreal /CAN/ removed 2,543,418 shares (-93.2%), UBS Group AG decreased their position by 2,288,039 shares (-51.2%), and Capital International Investors added 2,036,077 shares (+16.1%).

Congressional stock trading involving $MSTR stock has seen activity as well, with members of Congress engaging in 2 trades over the past 6 months, split evenly between purchases and sales. Representative Jefferson Shreve traded $MSTR stock twice, making 1 purchase worth up to $50,000 on 02/24 and 1 sale worth up to $50,000 on 05/12.

Analyst ratings on $MSTR have been predominantly positive, with 7 firms issuing buy ratings on the stock and no sell ratings. Recent analyst ratings include Cantor Fitzgerald issuing an “Overweight” rating, TD Cowen issuing a “Buy” rating, and Barclays issuing an “Overweight” rating. Other firms such as HC Wainwright & Co., Canaccord Genuity, Keefe, Bruyette & Woods, and Maxim Group have also issued buy ratings or equivalent on various dates.

Regarding price targets for $MSTR, multiple analysts have recently issued their projections. The median target among the 7 analysts who offered price targets in the last 6 months stands at $521.0. Notable targets include Cantor Fitzgerald setting a target price of $680.0, TD Cowen setting a target price of $680.0, and Barclays setting a target price of $475.0. Other analysts from HC Wainwright & Co., Canaccord Genuity, Keefe, Bruyette & Woods, and Maxim Group have also set their respective target prices for $MSTR at varying levels.

It’s essential to note that the information provided in this article is not intended to be financial advice. Readers are encouraged to conduct their research and due diligence before making any investment decisions related to $MSTR. For further insights and tracking of insider transactions, hedge fund activity, congressional stock trading, analyst ratings, and price targets for $MSTR, interested individuals can refer to Quiver Quantitative’s dedicated dashboards and forecast page.