Scarborough Advisors LLC Takes $215,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Scarborough Advisors LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 743 shares of the software maker’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently bought and sold shares of MSTR. Geode Capital Management LLC increased its stake in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after acquiring an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after acquiring an additional 567,628 shares during the period. Swiss National Bank lifted its position in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after purchasing an additional 314,007 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Performance

MSTR stock opened at $337.73 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 1 year low of $66.43 and a 1 year high of $543.00. The company has a fifty day simple moving average of $349.12 and a 200 day simple moving average of $261.08.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. One investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $536.90.

Insider Transactions at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Company Profile

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.