Savant Capital LLC Buys New Shares in MicroStrategy Incorporated (NASDAQ:MSTR)

Savant Capital LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 533 shares of the software maker’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after acquiring an additional 103,107 shares during the last quarter. UBS Group AG boosted its holdings in shares of MicroStrategy by 376.9% in the third quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock worth $11,984,000 after acquiring an additional 28,850 shares during the period. International Assets Investment Management LLC bought a new stake in shares of MicroStrategy during the fourth quarter valued at about $12,367,000. Financial Sense Advisors Inc. lifted its stake in MicroStrategy by 274.7% in the 3rd quarter. Financial Sense Advisors Inc. now owns 23,604 shares of the software maker’s stock worth $7,749,000 after purchasing an additional 17,304 shares in the last quarter. Finally, Strong Tower Advisory Services purchased a new stake in shares of MicroStrategy in the fourth quarter worth $6,566,000. 72.03% of the stock is owned by institutional investors.

MicroStrategy Price Performance

MSTR stock opened at $1,268.81 on Tuesday. The stock’s 50 day simple moving average is $1,405.87 and its 200 day simple moving average is $849.00. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The company had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 1,140 shares of MicroStrategy stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the sale, the chairman now directly owns 1,140 shares in the company, valued at $2,224,516.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jarrod M. Patten sold 400 shares of MicroStrategy stock in a transaction on Friday, February 9th. The shares were sold at an average price of $638.39, for a total transaction of $255,356.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Michael J. Saylor sold 1,140 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the sale, the chairman now owns 1,140 shares of the company’s stock, valued at $2,224,516.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,452 shares of company stock worth $112,675,447. Company insiders own 13.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MSTR shares. Benchmark reissued a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a research note on Thursday, April 25th. Canaccord Genuity Group lowered their price objective on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. StockNews.com raised MicroStrategy to a “sell” rating in a research note on Monday, March 18th. BTIG Research lifted their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, TD Cowen dropped their target price 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. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,678.75.

MicroStrategy Company 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.