Tcfg Wealth Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,137 shares of the software maker's stock, valued at approximately $329,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. National Bank of Canada FI boosted its position in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter valued at $254,000. Clarity Capital Partners LLC grew its position in MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after acquiring an additional 13,817 shares during the last quarter. Wellington Management Group LLP increased its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Finally, US Bancorp DE raised its position in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after purchasing an additional 3,773 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.
MicroStrategy Trading Down 4.6 %
MSTR traded down $15.30 during trading on Wednesday, hitting $318.67. The company's stock had a trading volume of 16,951,128 shares, compared to its average volume of 16,733,545. The firm has a market capitalization of $76.37 billion, a P/E ratio of -56.57 and a beta of 3.25. MicroStrategy Incorporated has a twelve month low of $66.43 and a twelve month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $345.85 and its 200-day moving average price is $265.51.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results 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%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MicroStrategy presently has an average rating of "Moderate Buy" and an average target price of $536.90.
Check Out Our Latest Stock Report on MicroStrategy
Insider Activity
In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.16% of the stock is currently owned by company insiders.
MicroStrategy Company Profile
(
Free Report)
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.
See Also
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
