Rep. Jefferson Shreve Purchases Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Representative Jefferson Shreve (R-Indiana) recently bought shares of MicroStrategy Incorporated NASDAQ: MSTR. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in MicroStrategy stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.Get MicroStrategy alerts:Meme Stock Mania 2.0: Retail Investors Fuel the ComebackRepresentative Jefferson Shreve also recently made the following trade(s): Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025. Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025. Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025. Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025. Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025. Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025. Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025. Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025. Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025. Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025. MicroStrategy Price PerformanceShares of NASDAQ:MSTR traded up $1.18 during midday trading on Tuesday, reaching $240.45. 6,592,530 shares of the company were exchanged, compared to its average volume of 18,818,550. The stock has a market cap of $61.88 billion, a PE ratio of -42.52 and a beta of 3.36. The business's fifty day moving average is $324.29 and its two-hundred day moving average is $279.42. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Buffett Just Dumped His S&P 500 Holdings—What It Means for YouMicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. Wall Street Analysts Forecast GrowthA number of brokerages recently weighed in on MSTR. Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MicroStrategy currently has an average rating of "Moderate Buy" and an average price target of $536.90.AMC Stock Surges on Bitcoin News—Meme Stocks Making a Comeback?Read Our Latest Research Report on MicroStrategyInstitutional Trading of MicroStrategySeveral hedge funds and other institutional investors have recently bought and sold shares of MSTR. Geode Capital Management LLC raised its position in shares of MicroStrategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $523,981,000. Northern Trust Corp lifted its position in shares of MicroStrategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 25.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock valued at $232,410,000 after acquiring an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in MicroStrategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds. About Representative ShreveJefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.About MicroStrategy (Get Free Report)MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.Further ReadingFive stocks we like better than MicroStrategyEarnings Per Share Calculator: How to Calculate EPSU.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the WaveUnveiling The Power Of VWAP: A Key Indicator For TradersJoby Aviation: From Prototype to Profitability3 REITs to Buy and Hold for the Long TermMarvell’s 40% Drop Presents a Compelling Buying OpportunityThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MicroStrategy Right Now?Before you consider MicroStrategy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.While MicroStrategy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here