Soltis Investment Advisors LLC Makes New $230,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Soltis Investment Advisors LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 795 shares of the software maker's stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSTR. Cornerstone Planning Group LLC grew its position in MicroStrategy by 6,450.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 262 shares of the software maker's stock valued at $76,000 after purchasing an additional 258 shares during the period. Activest Wealth Management bought a new position in shares of MicroStrategy in the fourth quarter valued at $33,000. LJI Wealth Management LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at about $271,000. Newbridge Financial Services Group Inc. bought a new stake in shares of MicroStrategy during the fourth quarter worth about $1,836,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of MicroStrategy by 69.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,737 shares of the software maker's stock worth $2,530,000 after acquiring an additional 3,590 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Phong Le sold 1,252 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,050 shares of company stock valued at $9,689,930. 9.16% of the stock is owned by insiders.

MicroStrategy Stock Performance

Shares of MicroStrategy stock traded up $7.36 on Wednesday, reaching $326.82. 9,797,024 shares of the company traded hands, compared to its average volume of 17,304,430. The company has a 50 day moving average of $353.08 and a 200 day moving average of $258.97. 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 $65.56 and a 52 week high of $543.00. The firm has a market capitalization of $78.32 billion, a PE ratio of -58.02 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its 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%.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $536.90.

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.