Spire Wealth Management Boosts Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Spire Wealth Management increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 5.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,837 shares of the software maker’s stock after acquiring an additional 142 shares during the quarter. Spire Wealth Management’s holdings in MicroStrategy were worth $1,792,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MSTR. Avidian Wealth Solutions LLC purchased a new stake in MicroStrategy in the fourth quarter valued at approximately $236,000. National Bank of Canada FI raised its position in shares of MicroStrategy by 42.9% during the 4th quarter. National Bank of Canada FI now owns 3,891 shares of the software maker’s stock valued at $2,660,000 after buying an additional 1,168 shares in the last quarter. Amalgamated Bank grew its position in MicroStrategy by 3.4% in the fourth quarter. Amalgamated Bank now owns 1,754 shares of the software maker’s stock worth $1,108,000 after acquiring an additional 58 shares in the last quarter. Victory Capital Management Inc. increased its stake in MicroStrategy by 39.8% in the fourth quarter. Victory Capital Management Inc. now owns 2,180 shares of the software maker’s stock valued at $1,377,000 after acquiring an additional 621 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in MicroStrategy during the fourth quarter valued at about $337,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Insider Activity

In other MicroStrategy news, Director Jarrod M. Patten sold 400 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $638.39, for a total transaction of $255,356.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Phong Le sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the sale, the chief executive officer now directly owns 595 shares of the company’s stock, valued at $512,437.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jarrod M. Patten sold 400 shares of MicroStrategy stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $638.39, for a total value of $255,356.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,452 shares of company stock valued at $110,218,847. Corporate insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSTR shares. Canaccord Genuity Group decreased their price objective on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark reaffirmed a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. TD Cowen decreased 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 report on Wednesday, March 20th. Finally, BTIG Research upped their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,678.75.

MicroStrategy Stock Down 3.8 %

Shares of MicroStrategy stock opened at $1,210.00 on Wednesday. The company’s 50 day moving average price is $1,413.58 and its 200-day moving average price is $855.40. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of -187.68 and a beta of 3.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The business had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million.

MicroStrategy 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.