1,010 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel reports. The firm purchased 1,010 shares of the software maker’s stock, valued at approximately $292,000.

Several other institutional investors have also added to or reduced their stakes in MSTR. Thrivent Financial for Lutherans raised its stake in shares of MicroStrategy by 1,486.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after acquiring an additional 5,069 shares during the last quarter. Quest Partners LLC bought a new position in MicroStrategy during the 3rd quarter valued at approximately $208,000. Commerce Bank purchased a new stake in MicroStrategy in the 3rd quarter worth approximately $419,000. Intech Investment Management LLC grew its position in shares of MicroStrategy by 1,136.8% in the 3rd quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock worth $1,218,000 after buying an additional 6,639 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 567,628 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

MSTR stock opened at $341.81 on Wednesday. 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 firm has a 50 day moving average price of $317.25 and a 200-day moving average price of $292.11. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The firm has a market capitalization of $87.97 billion, a price-to-earnings ratio of -60.68 and a beta of 3.36.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSTR. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Barclays cut their price objective 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 analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $536.90.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le bought 6,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 8,000 shares of company stock worth $680,000 in the last quarter. Corporate insiders own 9.16% of the company’s stock.

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.