McAdam LLC Invests $350,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

McAdam LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,209 shares of the software maker’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 39 shares during the last quarter. Masso Torrence Wealth Management Inc. increased its stake in MicroStrategy by 1.8% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after purchasing an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in MicroStrategy by 3.2% during 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. FSC Wealth Advisors LLC lifted its position in shares of MicroStrategy by 61.5% during the 4th quarter. FSC Wealth Advisors LLC now owns 210 shares of the software maker’s stock worth $61,000 after buying an additional 80 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of MicroStrategy by 14.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock valued at $193,000 after buying an additional 85 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. The trade was a 8.25 % 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, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last quarter. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $334.79 on Monday. 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 1-year low of $46.75 and a 1-year high of $543.00. The firm’s fifty day moving average price is $359.82 and its 200 day moving average price is $250.87.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group boosted their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Barclays boosted their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $483.22.

MicroStrategy Company 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.