Stifel Financial Corp Boosts Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Stifel Financial Corp raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 167.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,184 shares of the software maker’s stock after buying an additional 9,514 shares during the period. Stifel Financial Corp owned about 0.10% of MicroStrategy worth $9,591,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of MicroStrategy by 7.3% in the 4th quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after purchasing an additional 27 shares in the last quarter. Signaturefd LLC raised its stake in shares of MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after buying an additional 29 shares during the period. Parallel Advisors LLC lifted its position in shares of MicroStrategy by 30.7% during the 4th quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock valued at $83,000 after buying an additional 31 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of MicroStrategy by 4.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 908 shares of the software maker’s stock valued at $298,000 after buying an additional 39 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after acquiring an additional 40 shares during the period. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $1,694.69 on Thursday. MicroStrategy Incorporated has a twelve month low of $266.00 and a twelve month high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The business has a 50-day moving average price of $1,439.00 and a 200-day moving average price of $1,004.75.

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

Insider Transactions at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $1,201.07, for a total value of $6,005,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jarrod M. Patten sold 3,675 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $1,201.07, for a total transaction of $6,005,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,364 shares of company stock worth $78,474,756. 13.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSTR. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark reaffirmed a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. Canaccord Genuity Group raised their price target on MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. BTIG Research upped their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, TD Cowen cut their target price 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. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,793.00.

Get Our Latest Stock Report on MSTR

MicroStrategy Company Profile

(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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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