Maridea Wealth Management LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Maridea Wealth Management LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,481 shares of the software maker's stock, valued at approximately $429,000.

A number of other institutional investors have also bought and sold shares of MSTR. Riverview Trust Co acquired a new stake in MicroStrategy during the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy during the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. lifted its holdings in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. Parkside Financial Bank & Trust grew its position in MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new stake in MicroStrategy during the fourth quarter worth $28,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSTR. Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Canaccord Genuity Group lowered their target price 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. Monness Crespi & Hardt lowered shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday. 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. 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

Remove Ads

MicroStrategy Stock Up 4.6 %

MSTR stock traded up $13.15 during mid-day trading on Tuesday, reaching $301.42. The company had a trading volume of 12,630,828 shares, compared to its average volume of 17,856,043. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The company has a market capitalization of $77.57 billion, a price-to-earnings ratio of -53.23 and a beta of 3.36. 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 firm has a fifty day simple moving average of $311.48 and a 200 day simple moving average of $297.16.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its 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 net margin of 251.73% and a negative return on equity of 19.01%.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang acquired 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost 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 in the company, valued at approximately $127,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate 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.