HighPoint Advisor Group LLC Grows Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

HighPoint Advisor Group LLC grew its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 47.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,637 shares of the software maker's stock after purchasing an additional 1,170 shares during the quarter. HighPoint Advisor Group LLC's holdings in MicroStrategy were worth $1,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in MicroStrategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at $25,000. Sunbelt Securities Inc. grew its position in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Aspect Partners LLC bought a new stake in MicroStrategy during the fourth quarter worth about $28,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSTR. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Monness Crespi & Hardt cut shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $508.09.

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MicroStrategy Stock Performance

MSTR stock traded up $11.33 on Friday, hitting $293.61. The company had a trading volume of 24,786,728 shares, compared to its average volume of 17,846,236. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The stock has a market cap of $75.56 billion, a price-to-earnings ratio of -52.12 and a beta of 3.36. The stock's 50-day simple moving average is $305.50 and its 200 day simple moving average is $300.59.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the transaction, the chief executive officer now owns 6,000 shares of the company's stock, valued at approximately $510,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of the business's 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 $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company's stock.

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.