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

Scarborough Advisors LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 743 shares of the software maker’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy in the 3rd quarter valued at about $254,000. Wellington Management Group LLP grew its stake in shares of MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 6,104 shares in the last quarter. US Bancorp DE increased its position in shares of MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares during the last quarter. Finally, Clarity Capital Partners LLC lifted its stake in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.16% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the topic of several analyst reports. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group dropped their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of MSTR opened at $337.73 on Friday. MicroStrategy Incorporated has a 12 month low of $66.43 and a 12 month high of $543.00. 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 stock has a fifty day moving average price of $349.12 and a 200 day moving average price of $261.08.

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%.

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.