iA Global Asset Management Inc. Purchases New Position in MicroStrategy Incorporated (NASDAQ:MSTR)

iA Global Asset Management Inc. purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,725 shares of the software maker's stock, valued at approximately $5,713,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MSTR. National Bank of Canada FI grew its stake in MicroStrategy by 746.2% in the 3rd 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 in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter worth about $81,783,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy in the third quarter valued at approximately $254,000. Clarity Capital Partners LLC grew its stake in MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after acquiring an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after acquiring an additional 6,104 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang bought 1,500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Wei-Ming Shao acquired 500 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,000 shares of company stock worth $680,000. Insiders own 9.16% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently commented on MSTR. TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Monness Crespi & Hardt started coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a "neutral" rating for the company. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Barclays lowered their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $536.90.

MicroStrategy Price Performance

NASDAQ MSTR traded up $31.72 on Monday, reaching $335.72. 22,976,240 shares of the company's stock traded hands, compared to its average volume of 18,047,018. The stock has a market cap of $86.40 billion, a PE ratio of -59.60 and a beta of 3.36. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The stock has a 50-day simple moving average of $317.11 and a 200 day simple moving average of $288.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

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.