Affiance Financial LLC Purchases Shares of 992 MicroStrategy Incorporated (NASDAQ:MSTR)

Affiance Financial LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 992 shares of the software maker's stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after acquiring an additional 39 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in MicroStrategy by 3.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker's stock valued at $603,000 after purchasing an additional 65 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy during the second quarter worth about $106,000. Harbor Investment Advisory LLC boosted its stake in MicroStrategy by 14.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker's stock worth $193,000 after buying an additional 85 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in MicroStrategy by 10.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker's stock valued at $1,222,000 after buying an additional 87 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Stock Down 5.2 %

MicroStrategy stock traded down $19.45 during trading on Friday, reaching $353.67. 22,843,725 shares of the company's stock were exchanged, compared to its average volume of 16,981,428. The company's 50-day moving average is $367.79 and its two-hundred day moving average is $243.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 52-week low of $44.59 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy's quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted ($8.98) EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSTR. Barclays increased their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. BTIG Research increased their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $479.25.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company's stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 over the last 90 days. Company insiders own 9.16% of the company's stock.

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.