975 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 975 shares of the software maker’s stock, valued at approximately $282,000.

Several other large investors have also recently added to or reduced their stakes in MSTR. Thrivent Financial for Lutherans increased its stake in shares of MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after purchasing an additional 5,069 shares during the period. Quest Partners LLC bought a new position in MicroStrategy in the 3rd quarter worth approximately $208,000. Commerce Bank acquired a new stake in MicroStrategy in the 3rd quarter valued at approximately $419,000. Intech Investment Management LLC raised its stake in MicroStrategy by 1,136.8% during the 3rd quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after acquiring an additional 6,639 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in MicroStrategy by 1,109.4% in the third quarter. Great Valley Advisor Group Inc. now owns 2,310 shares of the software maker’s stock worth $389,000 after purchasing an additional 2,119 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

MicroStrategy Stock Down 3.7 %

MSTR opened at $329.31 on Thursday. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The business has a 50 day moving average price of $316.62 and a 200 day moving average price of $292.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market cap of $84.75 billion, a P/E ratio of -58.46 and a beta of 3.36.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSTR shares. Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $536.90.

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.