696 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 696 shares of the software maker’s stock, valued at approximately $440,000.

Other hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of MicroStrategy during the third quarter worth $37,000. NBC Securities Inc. acquired a new stake in MicroStrategy in the third quarter valued at $41,000. Beaird Harris Wealth Management LLC lifted 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 acquiring an additional 135 shares during the period. Toronto Dominion Bank acquired a new stake in MicroStrategy in the third quarter valued at $66,000. Finally, VitalStone Financial LLC acquired a new stake in MicroStrategy in the third quarter valued at $75,000. 72.03% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Trading Up 3.4 %

Shares of MSTR stock opened at $1,282.38 on Friday. MicroStrategy Incorporated has a fifty-two week low of $266.00 and a fifty-two week high of $1,999.99. The stock has a market cap of $21.76 billion, a P/E ratio of 45.51 and a beta of 2.89. The business has a fifty day simple moving average of $1,351.21 and a 200-day simple moving average of $806.94. 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 (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The business had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Buying and Selling

In related news, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 595 shares in the company, valued at approximately $512,437.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Michael J. Saylor sold 1,140 shares of MicroStrategy stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the completion of the sale, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the sale, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,452 shares of company stock worth $122,745,797. 13.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSTR has been the subject of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 target price on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark reissued a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday. StockNews.com upgraded MicroStrategy to a “sell” rating in a research report on Monday, March 18th. TD Cowen dropped their price target on 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. Finally, BTIG Research raised their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

MicroStrategy 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.