MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,120 shares of the software maker’s stock after purchasing an additional 35 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in MicroStrategy were worth $324,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. McAdam LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $350,000. Greenleaf Trust raised its position in shares of MicroStrategy by 285.3% during the 4th quarter. Greenleaf Trust now owns 4,843 shares of the software maker’s stock worth $1,403,000 after purchasing an additional 3,586 shares during the last quarter. Five Oceans Advisors purchased a new stake in MicroStrategy in the 4th quarter valued at approximately $1,867,000. DAVENPORT & Co LLC grew its holdings in MicroStrategy by 11.6% during the 4th quarter. DAVENPORT & Co LLC now owns 2,408 shares of the software maker’s stock valued at $697,000 after buying an additional 251 shares during the last quarter. Finally, Precision Wealth Strategies LLC purchased a new position in MicroStrategy during the fourth quarter worth $226,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSTR. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $483.22.

MicroStrategy Stock Down 1.6 %

Shares of NASDAQ MSTR opened at $334.79 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a fifty day moving average of $359.82 and a 200-day moving average of $250.87. MicroStrategy Incorporated has a 52-week low of $46.75 and a 52-week high of $543.00.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 9.16% of the company’s stock.

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.