Strong Tower Advisory Services Buys Shares of 10,396 MicroStrategy Incorporated (NASDAQ:MSTR)

Strong Tower Advisory Services bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,396 shares of the software maker’s stock, valued at approximately $6,566,000. MicroStrategy comprises 2.9% of Strong Tower Advisory Services’ investment portfolio, making the stock its 10th biggest position. Strong Tower Advisory Services owned about 0.07% of MicroStrategy as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of MicroStrategy by 90.0% in the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after acquiring an additional 1,361 shares during the last quarter. Vanguard Group Inc. increased its stake in MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares during the period. SG Americas Securities LLC increased its stake in MicroStrategy by 498.9% during the 4th quarter. SG Americas Securities LLC now owns 8,768 shares of the software maker’s stock worth $5,538,000 after buying an additional 7,304 shares during the period. California Public Employees Retirement System increased its stake in MicroStrategy by 31.1% during the 3rd quarter. California Public Employees Retirement System now owns 20,519 shares of the software maker’s stock worth $6,736,000 after buying an additional 4,871 shares during the period. Finally, UBS Group AG increased its stake in MicroStrategy by 376.9% during the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock worth $11,984,000 after buying an additional 28,850 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Down 11.2 %

Shares of NASDAQ:MSTR opened at $1,704.56 on Friday. MicroStrategy Incorporated has a 1-year low of $255.45 and a 1-year high of $1,999.99. The stock has a market cap of $28.93 billion, a P/E ratio of 60.49 and a beta of 2.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a fifty day moving average price of $989.63 and a 200 day moving average price of $648.76.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The company had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 1,140 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the transaction, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Michael J. Saylor sold 1,140 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the transaction, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 121,396 shares of company stock worth $87,014,015. Company insiders own 20.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MSTR. BTIG Research upped their target price on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Benchmark initiated coverage on shares of MicroStrategy in a research report on Tuesday, February 27th. They issued a “buy” rating and a $990.00 price objective on the stock. Finally, TD Cowen dropped their price objective 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. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,074.00.

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.