Park Avenue Securities LLC Acquires 1,528 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Park Avenue Securities LLC raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,469 shares of the software maker's stock after purchasing an additional 1,528 shares during the quarter. Park Avenue Securities LLC's holdings in MicroStrategy were worth $2,453,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MSTR. Strategic Investment Solutions Inc. IL purchased a new stake in MicroStrategy in the 2nd quarter worth approximately $106,000. Semmax Financial Advisors Inc. raised its holdings in shares of MicroStrategy by 900.0% during the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker's stock valued at $138,000 after acquiring an additional 90 shares in the last quarter. Versant Capital Management Inc lifted its stake in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after acquiring an additional 39 shares during the period. UMB Bank n.a. boosted its holdings in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analysts Set New Price Targets

MSTR has been the topic of a number of research reports. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group upped their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

Insider Buying and Selling

In other news, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Stock Up 8.0 %

MicroStrategy stock traded up $29.50 during trading hours on Friday, hitting $396.50. The stock had a trading volume of 24,214,007 shares, compared to its average volume of 19,841,848. The stock's 50-day moving average price is $363.86 and its 200-day moving average price is $234.07. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $95.02 billion, a P/E ratio of -188.18 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to analysts' expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy's revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($8.98) earnings per share.

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.