AssuredPartners Investment Advisors LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

AssuredPartners Investment Advisors LLC bought 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 (SEC). The firm bought 1,260 shares of the software maker's stock, valued at approximately $365,000.

A number of other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its holdings in MicroStrategy by 1,486.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock valued at $912,000 after buying an additional 5,069 shares in the last quarter. Cerity Partners LLC bought a new position in shares of MicroStrategy in the third quarter valued at approximately $1,040,000. Private Trust Co. NA grew its stake in MicroStrategy by 750.0% during the third quarter. Private Trust Co. NA now owns 204 shares of the software maker's stock valued at $34,000 after acquiring an additional 180 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in MicroStrategy by 204.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock worth $1,396,000 after acquiring an additional 5,560 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in MicroStrategy by 932.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,185 shares of the software maker's stock worth $874,000 after purchasing an additional 4,683 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao purchased 500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Trading Up 1.4 %

Shares of MSTR stock traded up $4.04 on Monday, hitting $293.45. 11,583,376 shares of the company's stock traded hands, compared to its average volume of 17,863,126. The stock has a market capitalization of $75.52 billion, a price-to-earnings ratio of -52.21 and a beta of 3.36. The company's fifty day simple moving average is $313.64 and its 200 day simple moving average is $296.05. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

MicroStrategy Profile

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.