Affiance Financial LLC Makes New $287,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Affiance Financial LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 992 shares of the software maker’s stock, valued at approximately $287,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in MicroStrategy by 3.2% in 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 purchased a new position in MicroStrategy during the 2nd quarter worth $106,000. Harbor Investment Advisory LLC raised its position in MicroStrategy by 14.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock valued at $193,000 after purchasing an additional 85 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of MicroStrategy by 10.9% in the 2nd 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 currently owned by institutional investors.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $353.67 on Friday. The company’s 50-day simple moving average is $367.79 and its 200-day simple moving average is $243.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 52-week low of $44.59 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter last year, the firm posted ($8.98) earnings per share. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Activity

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last ninety days. Corporate insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSTR. Barclays lifted their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average price target of $479.25.

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.