917 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Southland Equity Partners LLC

Southland Equity Partners LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 917 shares of the software maker’s stock, valued at approximately $266,000.

A number of other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after purchasing an additional 65 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MicroStrategy in the 2nd quarter valued at about $106,000. Harbor Investment Advisory LLC grew its stake in MicroStrategy by 14.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after buying an additional 85 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in MicroStrategy by 10.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after buying an additional 87 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last 90 days. Company insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the topic of a number of research reports. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Barclays lifted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Price Performance

MSTR opened at $353.67 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a 12 month low of $44.59 and a 12 month high of $543.00. The business has a 50 day simple moving average of $367.79 and a 200-day simple moving average of $242.68.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the business posted ($8.98) EPS. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year.

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.