Global Retirement Partners LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Global Retirement Partners LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 346 shares of the software maker’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. GPS Wealth Strategies Group LLC purchased a new stake in MicroStrategy during the 3rd quarter worth $37,000. C M Bidwell & Associates Ltd. purchased a new stake in MicroStrategy during the 2nd quarter worth $40,000. NBC Securities Inc. purchased a new stake in MicroStrategy during the 3rd quarter worth $41,000. Beaird Harris Wealth Management LLC increased its stake in MicroStrategy by 364.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after buying an additional 135 shares during the period. Finally, Macquarie Group Ltd. increased its stake in MicroStrategy by 50.6% during the 2nd quarter. Macquarie Group Ltd. now owns 357 shares of the software maker’s stock worth $59,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MSTR. Benchmark started coverage on shares of MicroStrategy in a research note on Tuesday, February 27th. They set a “buy” rating and a $990.00 price target on the stock. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. BTIG Research boosted their target price on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 target price on shares of MicroStrategy in a research report on Thursday, March 28th. Finally, TD Cowen dropped their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,074.00.

Get Our Latest Research Report on MSTR

Insider Activity

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten sold 400 shares of the business’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 three months, insiders sold 121,396 shares of company stock valued at $91,906,115. Company insiders own 22.59% of the company’s stock.

MicroStrategy Trading Up 1.7 %

NASDAQ MSTR opened at $1,606.11 on Thursday. MicroStrategy Incorporated has a one year low of $266.00 and a one year high of $1,999.99. The company has a 50-day simple moving average of $1,083.11 and a 200-day simple moving average of $686.91. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $27.26 billion, a PE ratio of 56.99 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTRGet Free Report) last posted its quarterly 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 business had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million.

MicroStrategy Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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