MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) Stock Price Up 0.2% – Here’s What Happened

Shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) shot up 0.2% on Monday . The stock traded as high as $76.89 and last traded at $76.75. 338,178 shares were traded during mid-day trading, an increase of 60% from the average session volume of 211,538 shares. The stock had previously closed at $76.59.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Stock Performance

The stock has a 50-day simple moving average of $83.66 and a two-hundred day simple moving average of $89.70.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $2.00 dividend. The ex-dividend date was Monday, December 15th. This represents a $8.00 dividend on an annualized basis and a yield of 10.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hartline Investment Corp lifted its holdings in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 559.0% in the 2nd quarter. Hartline Investment Corp now owns 69,619 shares of the company’s stock worth $8,425,000 after acquiring an additional 59,055 shares during the last quarter. King Wealth Management Group bought a new position in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock during the 2nd quarter valued at $261,000. Fiduciary Alliance LLC raised its position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 25.8% in the 3rd quarter. Fiduciary Alliance LLC now owns 2,800 shares of the company’s stock worth $257,000 after purchasing an additional 575 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the third quarter worth $86,000.

MicroStrategy Incorporated is a global leader in enterprise analytics and business intelligence software. The company develops and markets a comprehensive analytics platform that enables organizations to visualize and analyze data from multiple sources, build interactive dashboards, and deliver insights through web and mobile applications. Its product suite includes on-premise and cloud-based offerings, designed to support large-scale deployments across a wide range of industries, from financial services and healthcare to retail and manufacturing.

Founded in 1989 by Chairman and co-founder Michael Saylor and co-founder Sanju Bansal, MicroStrategy has grown from a boutique software startup into an established public company.