Littlejohn Financial Services Inc. acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 800 shares of the software maker's stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AlphaMark Advisors LLC raised its position in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the third quarter valued at $27,000. Sunbelt Securities Inc. raised its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after buying an additional 144 shares during the period. ST Germain D J Co. Inc. lifted its stake in MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Finally, Private Wealth Management Group LLC boosted its holdings in MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock valued at $30,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.
MicroStrategy Stock Up 3.9 %
Shares of NASDAQ:MSTR traded up $12.81 on Monday, hitting $337.73. 13,875,971 shares of the company's stock were exchanged, compared to its average volume of 16,244,744. MicroStrategy Incorporated has a 1-year low of $66.43 and a 1-year high of $543.00. The company has a market capitalization of $80.94 billion, a PE ratio of -59.96 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm's 50-day moving average is $349.12 and its 200 day moving average is $262.49.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Insider Activity
In other news, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.16% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Cantor Fitzgerald upped their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $536.90.
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MicroStrategy 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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