Janney Montgomery Scott LLC Acquires 312 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Janney Montgomery Scott LLC boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,755 shares of the software maker’s stock after purchasing an additional 312 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MicroStrategy were worth $1,740,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares in the last quarter. Northern Trust Corp raised its holdings in MicroStrategy by 2.1% in the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after acquiring an additional 2,248 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MicroStrategy by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock valued at $63,130,000 after acquiring an additional 6,272 shares in the last quarter. UBS Group AG raised its holdings in MicroStrategy by 376.9% in the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock valued at $11,984,000 after acquiring an additional 28,850 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in MicroStrategy by 12.6% in the 3rd quarter. LPL Financial LLC now owns 27,845 shares of the software maker’s stock valued at $9,141,000 after acquiring an additional 3,105 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent research reports. Canaccord Genuity Group cut their price target on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. BTIG Research increased their target price on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Benchmark reissued a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, TD Cowen dropped their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. One 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.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $1,678.75.

View Our Latest Research Report on MicroStrategy

MicroStrategy Trading Up 9.1 %

MSTR stock opened at $1,684.84 on Monday. The business has a fifty day moving average price of $1,439.23 and a 200 day moving average price of $949.53. 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 capitalization of $29.89 billion, a price-to-earnings ratio of -251.47 and a beta of 3.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78.

MicroStrategy (NASDAQ:MSTRGet Free Report) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The business had revenue of $115.25 million for the quarter, compared to analyst estimates of $124.80 million.

Insider Activity at MicroStrategy

In related news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $852.74, for a total transaction of $2,558,220.00. Following the completion of the sale, the executive vice president now directly owns 453 shares of the company’s stock, valued at approximately $386,291.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $852.74, for a total value of $2,558,220.00. Following the completion of the transaction, the executive vice president now owns 453 shares in the company, valued at $386,291.22. The disclosure for this sale can be found here. Insiders sold 71,177 shares of company stock valued at $95,507,511 in the last three months. Corporate insiders own 13.18% of the company’s stock.

About MicroStrategy

(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.

See Also

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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