Bleakley Financial Group LLC Invests $269,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Bleakley Financial Group LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 426 shares of the software maker’s stock, valued at approximately $269,000.

Several other large investors have also modified their holdings of the stock. GPS Wealth Strategies Group LLC purchased a new position in MicroStrategy in the third quarter valued at approximately $37,000. NBC Securities Inc. purchased a new position in MicroStrategy in the third quarter valued at approximately $41,000. Beaird Harris Wealth Management LLC raised its holdings in MicroStrategy by 364.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock valued at $56,000 after buying an additional 135 shares during the period. Macquarie Group Ltd. raised its holdings in MicroStrategy by 50.6% in the second quarter. Macquarie Group Ltd. now owns 357 shares of the software maker’s stock valued at $59,000 after buying an additional 120 shares during the period. Finally, Toronto Dominion Bank purchased a new position in MicroStrategy in the third quarter valued at approximately $66,000. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 350 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the completion of the sale, the executive vice president now owns 453 shares of the company’s stock, valued at $322,227.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the transaction, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. 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 350 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $711.32, for a total value of $248,962.00. Following the transaction, the executive vice president now owns 453 shares in the company, valued at $322,227.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,084 shares of company stock valued at $112,842,368. 22.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Benchmark raised their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a report on Monday, April 8th. BTIG Research increased their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,473.00.

MicroStrategy Stock Down 9.7 %

Shares of NASDAQ:MSTR opened at $1,335.88 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The company has a 50 day moving average of $1,242.32 and a two-hundred day moving average of $755.06. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 47.41 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share 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 the consensus estimate of $134.90 million.

About MicroStrategy

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.