LPL Financial LLC Boosts Position in MicroStrategy Incorporated (NASDAQ:MSTR)

LPL Financial LLC raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,340 shares of the software maker’s stock after buying an additional 323 shares during the period. LPL Financial LLC owned about 0.20% of MicroStrategy worth $7,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of MicroStrategy by 66.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 88 shares of the software maker’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. DT Investment Partners LLC bought a new stake in shares of MicroStrategy in the 1st quarter valued at about $25,000. Ridgewood Investments LLC bought a new stake in shares of MicroStrategy in the 1st quarter valued at about $29,000. Heritage Wealth Management LLC lifted its position in shares of MicroStrategy by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 216 shares of the software maker’s stock worth $31,000 after purchasing an additional 108 shares during the period. Finally, Glassman Wealth Services boosted its stake in shares of MicroStrategy by 74.7% during the first quarter. Glassman Wealth Services now owns 166 shares of the software maker’s stock valued at $49,000 after purchasing an additional 71 shares in the last quarter. 49.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MSTR. StockNews.com started coverage on shares of MicroStrategy in a research note on Thursday, August 17th. They issued a “sell” rating for the company. BTIG Research began coverage on MicroStrategy in a research report on Tuesday, July 11th. They issued a “buy” rating and a $490.00 price target for the company. Finally, TD Cowen initiated coverage on MicroStrategy in a research report on Wednesday, July 26th. They set an “outperform” rating and a $520.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $390.00.

Insider Activity

In other MicroStrategy news, Director Jarrod M. Patten sold 450 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $391.05, for a total transaction of $175,972.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $295.66, for a total transaction of $2,956,600.00. Following the completion of the transaction, the chief executive officer now directly owns 458 shares of the company’s stock, valued at approximately $135,412.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jarrod M. Patten sold 450 shares of MicroStrategy stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $391.05, for a total transaction of $175,972.50. The disclosure for this sale can be found here. Insiders have sold 20,950 shares of company stock valued at $6,336,828 over the last ninety days. 22.59% of the stock is currently owned by insiders.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $381.52 on Wednesday. MicroStrategy Incorporated has a fifty-two week low of $132.56 and a fifty-two week high of $475.09. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $5.38 billion, a PE ratio of 42.44 and a beta of 2.44. The business has a 50-day simple moving average of $384.75 and a two-hundred day simple moving average of $318.59.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, August 1st. The software maker reported $2.35 earnings per share for the quarter, topping the consensus estimate of $0.72 by $1.63. MicroStrategy had a net margin of 41.32% and a return on equity of 140.01%. The company had revenue of $120.40 million for the quarter, compared to the consensus estimate of $124.85 million. As a group, equities analysts expect that MicroStrategy Incorporated will post 28.88 EPS for the current fiscal year.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.