Argent Advisors Inc. Acquires 2,500 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Argent Advisors Inc. raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 29.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the software maker's stock after buying an additional 2,500 shares during the quarter. MicroStrategy accounts for about 1.1% of Argent Advisors Inc.'s investment portfolio, making the stock its 21st largest position. Argent Advisors Inc.'s holdings in MicroStrategy were worth $3,171,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSTR. Amalgamated Bank increased its holdings in MicroStrategy by 4.0% in the 4th quarter. Amalgamated Bank now owns 8,708 shares of the software maker's stock valued at $2,522,000 after buying an additional 336 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth approximately $264,000. Kovack Advisors Inc. acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $220,000. Oppenheimer & Co. Inc. raised its position in MicroStrategy by 665.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 10,801 shares of the software maker's stock worth $3,128,000 after purchasing an additional 9,390 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in MicroStrategy by 119.1% during the 4th quarter. QRG Capital Management Inc. now owns 3,829 shares of the software maker's stock worth $1,109,000 after buying an additional 2,081 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le sold 5,295 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.54, for a total value of $1,983,189.30. Following the completion of the transaction, the chief executive officer directly owned 24,790 shares of the company's stock, valued at approximately $9,284,846.60. This trade represents a 17.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 339 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45. Following the sale, the chief accounting officer directly owned 8,605 shares in the company, valued at $3,223,002.75. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 25,277 shares of company stock valued at $2,312,345 and have sold 70,621 shares valued at $25,935,717. Insiders own 8.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MSTR shares. Barclays restated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright started coverage on MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price for the company. Canaccord Genuity Group reiterated a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, Monness Crespi & Hardt downgraded MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $514.42.

MicroStrategy Stock Up 5.3%

MSTR traded up $20.35 during trading hours on Monday, hitting $404.23. 13,701,922 shares of the company's stock were exchanged, compared to its average volume of 17,904,313. The stock has a market cap of $110.52 billion, a price-to-earnings ratio of -18.53 and a beta of 3.74. MicroStrategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The stock's 50-day moving average is $381.87 and its two-hundred day moving average is $340.76. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The business had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.83) earnings per share.

MicroStrategy Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.