Sovran Advisors LLC Invests $1.38 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

Sovran Advisors LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,768 shares of the software maker's stock, valued at approximately $1,381,000.

A number of other institutional investors have also recently bought and sold shares of MSTR. Strengthening Families & Communities LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth $73,000. Hartline Investment Corp lifted its holdings in shares of MicroStrategy by 560.5% during the 4th quarter. Hartline Investment Corp now owns 35,150 shares of the software maker's stock worth $10,180,000 after acquiring an additional 29,828 shares during the period. Stonebridge Financial Group LLC acquired a new position in MicroStrategy during the fourth quarter valued at approximately $159,000. Bonfire Financial bought a new stake in MicroStrategy during the fourth quarter worth $1,123,000. Finally, Mill Creek Capital Advisors LLC boosted its holdings in shares of MicroStrategy by 19.1% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 1,655 shares of the software maker's stock valued at $479,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,050 shares of company stock worth $16,314,110. 9.16% of the stock is owned by company insiders.

MicroStrategy Stock Down 4.5 %

MicroStrategy stock traded down $15.16 during trading on Tuesday, hitting $319.46. 11,977,525 shares of the company were exchanged, compared to its average volume of 17,581,904. MicroStrategy Incorporated has a 52 week low of $65.02 and a 52 week 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. The company has a market capitalization of $76.56 billion, a P/E ratio of -56.71 and a beta of 3.25. The business's 50 day moving average is $354.16 and its 200 day moving average is $257.96.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Set New Price Targets

A number of research firms have issued reports on MSTR. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, Maxim Group raised their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $536.90.

About MicroStrategy

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.