Orion Portfolio Solutions LLC Has $5.59 Million Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Orion Portfolio Solutions LLC grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 260.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,291 shares of the software maker's stock after purchasing an additional 13,938 shares during the quarter. Orion Portfolio Solutions LLC's holdings in MicroStrategy were worth $5,587,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Thrivent Financial for Lutherans boosted its holdings in shares of MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock valued at $912,000 after acquiring an additional 5,069 shares in the last quarter. Cerity Partners LLC purchased a new stake in MicroStrategy during the third quarter worth about $1,040,000. Private Trust Co. NA grew its position in MicroStrategy by 750.0% during the third quarter. Private Trust Co. NA now owns 204 shares of the software maker's stock worth $34,000 after buying an additional 180 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of MicroStrategy by 204.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock worth $1,396,000 after acquiring an additional 5,560 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of MicroStrategy by 932.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,185 shares of the software maker's stock worth $874,000 after acquiring an additional 4,683 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

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MicroStrategy Stock Up 3.4 %

MSTR traded up $9.87 during trading on Tuesday, hitting $298.14. The company had a trading volume of 12,007,460 shares, compared to its average volume of 17,853,348. The business has a 50-day moving average of $311.48 and a 200-day moving average of $297.16. The company has a market cap of $76.73 billion, a PE ratio of -52.68 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. 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 issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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 Activity at MicroStrategy

In related news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeanine Montgomery sold 481 shares of MicroStrategy stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of research reports. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. Finally, Maxim Group lifted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

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.