ZEGA Investments LLC Makes New $455,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

ZEGA Investments LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,570 shares of the software maker's stock, valued at approximately $455,000.

Several other institutional investors have also added to or reduced their stakes in MSTR. National Bank of Canada FI increased its stake in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in MicroStrategy in the fourth quarter worth about $81,783,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy in the third quarter worth about $254,000. Clarity Capital Partners LLC lifted its position in shares of MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after buying an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after acquiring an additional 6,104 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang purchased 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phong Le purchased 6,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the transaction, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,000 shares of company stock worth $680,000 in the last three months. Insiders own 9.16% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays decreased their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group dropped their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MicroStrategy has a consensus rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR traded up $31.72 during mid-day trading on Monday, reaching $335.72. The stock had a trading volume of 22,976,240 shares, compared to its average volume of 18,046,719. The business's 50 day moving average price is $317.26 and its 200 day moving average price is $290.51. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a market cap of $86.40 billion, a P/E ratio of -59.60 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.