Proficio Capital Partners LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Proficio Capital Partners LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 975 shares of the software maker's stock, valued at approximately $282,000.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MicroStrategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after buying an additional 579,994 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in MicroStrategy by 21.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker's stock valued at $120,221,000 after buying an additional 71,934 shares during the period. Finally, Virtu Financial LLC increased its holdings in MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after buying an additional 222,109 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Remove Ads

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction 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 sale, the director now owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Corporate insiders own 9.16% of the company's stock.

MicroStrategy Trading Down 10.8 %

NASDAQ MSTR traded down $35.18 during trading hours on Friday, reaching $289.41. The company's stock had a trading volume of 20,987,274 shares, compared to its average volume of 17,886,818. The firm has a fifty day simple moving average of $313.64 and a 200-day simple moving average of $296.05. 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 Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The stock has a market cap of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt assumed coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a "neutral" rating on the stock. Cantor Fitzgerald upped their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $536.90.

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.