360 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTRFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 360 shares of the software maker’s stock, valued at approximately $227,000.

Other large investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC purchased a new position in MicroStrategy in the third quarter worth about $37,000. C M Bidwell & Associates Ltd. purchased a new position in MicroStrategy in the second quarter worth about $40,000. NBC Securities Inc. purchased a new position in MicroStrategy in the third quarter worth about $41,000. Beaird Harris Wealth Management LLC boosted its position in MicroStrategy by 364.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after purchasing an additional 135 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in MicroStrategy by 50.6% in the second quarter. Macquarie Group Ltd. now owns 357 shares of the software maker’s stock worth $59,000 after purchasing an additional 120 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $614.24, for a total transaction of $3,071,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $614.24, for a total value of $3,071,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,396 shares of company stock valued at $91,906,115. Insiders own 20.79% of the company’s stock.

MicroStrategy Trading Up 1.7 %

Shares of MSTR stock opened at $1,606.11 on Thursday. The stock’s 50-day moving average price is $1,083.11 and its 200-day moving average price is $686.91. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99. The stock has a market capitalization of $27.26 billion, a price-to-earnings ratio of 56.99 and a beta of 2.89. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01.

MicroStrategy (NASDAQ:MSTRGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The company had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million.

Wall Street Analyst Weigh In

MSTR has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 target price on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark initiated coverage on shares of MicroStrategy in a research note on Tuesday, February 27th. They issued a “buy” rating and a $990.00 price objective for the company. TD Cowen lowered their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. BTIG Research increased their price target on MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,074.00.

View Our Latest Analysis on MSTR

About MicroStrategy

(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.

Further Reading

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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