Advisory Services Network LLC Purchases New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Advisory Services Network LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTRFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 279 shares of the software maker’s stock, valued at approximately $176,000.

Several other hedge funds have also added to or reduced their stakes in MSTR. NBC Securities Inc. bought a new position in MicroStrategy in the third quarter valued at about $41,000. Victory Capital Management Inc. boosted its holdings in MicroStrategy by 30.7% during the third quarter. Victory Capital Management Inc. now owns 1,559 shares of the software maker’s stock worth $512,000 after buying an additional 366 shares during the last quarter. Barclays PLC boosted its holdings in MicroStrategy by 42.1% during the third quarter. Barclays PLC now owns 25,402 shares of the software maker’s stock worth $8,339,000 after buying an additional 7,525 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in MicroStrategy by 1.1% during the third quarter. New York State Common Retirement Fund now owns 4,755 shares of the software maker’s stock worth $1,561,000 after buying an additional 51 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in MicroStrategy by 1.4% during the third quarter. Avantax Advisory Services Inc. now owns 3,839 shares of the software maker’s stock worth $1,260,000 after buying an additional 54 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

MicroStrategy Trading Down 2.2 %

NASDAQ MSTR opened at $1,656.63 on Friday. The stock’s 50-day moving average is $1,433.55 and its 200-day moving average is $1,014.07. MicroStrategy Incorporated has a one year low of $266.00 and a one year high of $1,999.99. The firm has a market cap of $29.38 billion, a P/E ratio of -247.26 and a beta of 3.08. 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 announced its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The firm had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on MSTR

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 1,693 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,558.03, for a total value of $2,637,744.79. Following the sale, the chairman now owns 1,693 shares of the company’s stock, valued at approximately $2,637,744.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Michael J. Saylor sold 1,693 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,558.03, for a total value of $2,637,744.79. Following the sale, the chairman now owns 1,693 shares of the company’s stock, valued at approximately $2,637,744.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jarrod M. Patten sold 3,675 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total value of $5,999,621.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,364 shares of company stock valued at $78,474,756. 13.18% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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