Bonfire Financial Takes $1.12 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Bonfire Financial purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,877 shares of the software maker's stock, valued at approximately $1,123,000. MicroStrategy accounts for about 1.0% of Bonfire Financial's investment portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSTR. Private Wealth Management Group LLC raised its position in MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock valued at $30,000 after purchasing an additional 71 shares during the last quarter. Activest Wealth Management acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $33,000. SOA Wealth Advisors LLC. bought a new position in shares of MicroStrategy in the fourth quarter valued at about $37,000. Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after buying an additional 39 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 135 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday. They set an "outperform" rating and a $560.00 price target on the stock. Maxim Group upped 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. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $536.90.

Insider Buying and Selling at MicroStrategy

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

MicroStrategy Trading Down 4.5 %

MicroStrategy stock traded down $15.16 during mid-day trading on Tuesday, hitting $319.46. 11,977,525 shares of the stock were exchanged, compared to its average volume of 17,581,904. The firm's fifty day simple moving average is $354.16 and its two-hundred day simple moving average is $257.96. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12 month low of $65.02 and a 12 month high of $543.00. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of -56.71 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.