Covenant Asset Management LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,550 shares of the software maker's stock, valued at approximately $1,607,000.
Several other large investors also recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC lifted its position in MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after acquiring an additional 35 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its position in shares of MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker's stock worth $885,000 after buying an additional 55 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker's stock worth $603,000 after buying an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. raised its position in MicroStrategy by 2.2% in the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker's stock valued at $915,000 after buying an additional 67 shares during the last quarter. Institutional investors own 59.84% of the company's stock.
Insider Activity at MicroStrategy
In related news, Director Stephen X. Graham sold 20,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at approximately $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 accessible through the SEC website. 9.16% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MSTR shares. Compass Point raised MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reaffirmed a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $536.90.
View Our Latest Report on MSTR
MicroStrategy Stock Performance
Shares of MSTR stock traded down $3.74 on Tuesday, reaching $333.99. The stock had a trading volume of 10,116,815 shares, compared to its average volume of 16,724,639. MicroStrategy Incorporated has a 12 month low of $66.43 and a 12 month high of $543.00. The firm has a market capitalization of $80.04 billion, a price-to-earnings ratio of -59.29 and a beta of 3.25. The firm's 50-day moving average is $347.70 and its two-hundred day moving average is $265.13. 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 (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data 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
(
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.
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