Premier Path Wealth Partners LLC Buys Shares of 1,136 MicroStrategy Incorporated (NASDAQ:MSTR)

Premier Path Wealth Partners LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,136 shares of the software maker's stock, valued at approximately $329,000.

A number of other institutional investors have also recently made changes to their positions in MSTR. Versant Capital Management Inc grew its position in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after purchasing an additional 39 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy in the 2nd quarter worth $106,000. Magnetar Financial LLC lifted its position in MicroStrategy by 31.6% during the 2nd quarter. Magnetar Financial LLC now owns 337 shares of the software maker's stock worth $464,000 after acquiring an additional 81 shares during the period. Newbridge Financial Services Group Inc. lifted its position in MicroStrategy by 10.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker's stock worth $1,222,000 after acquiring an additional 87 shares during the period. Finally, Semmax Financial Advisors Inc. grew its stake in MicroStrategy by 900.0% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker's stock valued at $138,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MSTR shares. Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $479.25.

MicroStrategy Stock Up 8.0 %

MSTR stock traded up $29.50 during midday trading on Friday, hitting $396.50. 24,214,007 shares of the stock traded hands, compared to its average volume of 19,841,848. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00. The stock's fifty day simple moving average is $363.86 and its 200-day simple moving average is $234.79.

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