MicroStrategy Incorporated (NASDAQ:MSTR) Holdings Increased by Hoey Investments Inc.

Hoey Investments Inc. raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 1,204.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,500 shares of the software maker's stock after acquiring an additional 1,385 shares during the period. Hoey Investments Inc.'s holdings in MicroStrategy were worth $434,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSTR. National Bank of Canada FI raised its stake in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after buying an additional 18,207 shares during the period. Proficio Capital Partners LLC purchased a new position in MicroStrategy in the 4th quarter worth $81,783,000. Clarity Capital Partners LLC increased its stake in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after buying an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of MicroStrategy in the 3rd quarter worth approximately $254,000. Finally, Wellington Management Group LLP raised its stake in MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after buying an additional 6,104 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on MSTR shares. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Barclays cut their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Cantor Fitzgerald increased their price target 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, Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MicroStrategy has a consensus rating of "Moderate Buy" and an average price target of $508.09.

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MicroStrategy Stock Performance

MSTR traded up $17.75 on Tuesday, reaching $306.02. The company had a trading volume of 16,661,499 shares, compared to its average volume of 17,862,231. The stock has a 50-day moving average price of $309.81 and a 200-day moving average price of $298.32. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The stock has a market capitalization of $78.75 billion, a PE ratio of -54.33 and a beta of 3.36. 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 issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Buying and Selling

In related news, CFO Andrew Kang purchased 1,500 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 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.