AssuredPartners Investment Advisors LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

AssuredPartners Investment Advisors LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,260 shares of the software maker’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MicroStrategy by 971.3% during 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 valued at $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Amundi grew its stake in MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares during the last quarter. Proficio Capital Partners LLC bought a new position in MicroStrategy in the fourth quarter worth about $81,783,000. Finally, Virtu Financial LLC lifted its position in shares of MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after buying an additional 222,109 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $289.41 on Friday. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a market cap of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. The business’s 50 day moving average price is $313.64 and its 200 day moving average price is $293.74.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

Insider Buying and Selling at MicroStrategy

In related news, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSTR. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Finally, Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $536.90.

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.