2,488 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Kiker Wealth Management LLC

Kiker Wealth Management LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,488 shares of the software maker's stock, valued at approximately $721,000.

A number of other hedge funds have also modified their holdings of MSTR. iA Global Asset Management Inc. bought a new position in MicroStrategy in the fourth quarter valued at $5,713,000. Magnetar Financial LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth about $2,189,000. Teacher Retirement System of Texas bought a new position in shares of MicroStrategy in the 4th quarter valued at about $15,771,000. Sandy Spring Bank acquired a new stake in shares of MicroStrategy in the fourth quarter valued at about $36,000. Finally, Royal London Asset Management Ltd. raised its holdings in MicroStrategy by 15.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 68,747 shares of the software maker's stock worth $19,911,000 after acquiring an additional 9,268 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

MSTR traded up $31.72 on Monday, reaching $335.72. The company had a trading volume of 22,976,240 shares, compared to its average volume of 18,047,346. The company's fifty day moving average is $317.26 and its 200 day moving average is $290.51. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $86.40 billion, a P/E ratio of -59.60 and a beta of 3.36. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted 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%.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of analyst reports. Sanford C. Bernstein restated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Maxim Group boosted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research report on Wednesday, March 19th. They set a "neutral" rating on the stock. Finally, Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $536.90.

Insiders Place Their Bets

In other news, CEO Phong Le bought 6,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 8,000 shares of company stock worth $680,000 in the last 90 days. Company insiders own 9.16% of the company's stock.

MicroStrategy Company 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.