Simplicity Solutions LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Simplicity Solutions LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 426 shares of the software maker’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC purchased a new stake in MicroStrategy in the third quarter worth about $37,000. NBC Securities Inc. purchased a new stake in shares of MicroStrategy during the third quarter valued at approximately $41,000. Beaird Harris Wealth Management LLC grew its holdings in shares of MicroStrategy by 364.9% during 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 last quarter. Macquarie Group Ltd. grew its holdings in shares of MicroStrategy by 50.6% during 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 last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of MicroStrategy during the third quarter valued at approximately $66,000. 72.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. 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. Benchmark increased their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. TD Cowen decreased their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $1,473.00.

Insider Activity at MicroStrategy

In related news, Director Jarrod M. Patten sold 275 shares of MicroStrategy stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jarrod M. Patten sold 275 shares of MicroStrategy stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 350 shares of MicroStrategy stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the sale, the executive vice president now owns 453 shares of the company’s stock, valued at approximately $322,227.96. The disclosure for this sale can be found here. Insiders sold 121,733 shares of company stock worth $116,334,332 in the last 90 days. 20.79% of the stock is owned by corporate insiders.

MicroStrategy Stock Performance

MSTR opened at $1,174.11 on Friday. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 41.66 and a beta of 2.89. The company has a fifty day moving average of $1,294.00 and a 200 day moving average of $776.74. MicroStrategy Incorporated has a fifty-two week low of $266.00 and a fifty-two week high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 company had revenue of $124.48 million during the quarter, compared to analyst estimates 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.