World Investment Advisors Acquires Shares of 6,098 MicroStrategy Incorporated (NASDAQ:MSTR)

World Investment Advisors acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,098 shares of the software maker's stock, valued at approximately $1,766,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. National Bank of Canada FI raised its position in MicroStrategy by 746.2% in the 3rd 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 during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of MicroStrategy in the fourth quarter worth $81,783,000. Clarity Capital Partners LLC lifted its position in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in MicroStrategy during the third quarter worth $254,000. Finally, Wellington Management Group LLP grew its position in MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Cantor Fitzgerald increased 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. Compass Point raised MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Finally, Barclays decreased their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

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MicroStrategy Stock Performance

Shares of MSTR stock traded up $11.33 during midday trading on Friday, hitting $293.61. 24,786,728 shares of the company were exchanged, compared to its average volume of 17,846,236. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The firm has a market capitalization of $75.56 billion, a P/E ratio of -52.12 and a beta of 3.36. The firm's 50 day moving average price is $305.50 and its two-hundred day moving average price is $300.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data 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%.

Insider Buying and Selling at MicroStrategy

In related news, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares of the company's stock, valued at $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company's stock.

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.