FNY Investment Advisers LLC Acquires Shares of 2,963 MicroStrategy Incorporated (NASDAQ:MSTR)

FNY Investment Advisers LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,963 shares of the software maker's stock, valued at approximately $854,000.

A number of other large investors also recently modified their holdings of MSTR. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Riverview Trust Co bought a new stake in MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in MicroStrategy in the 4th quarter valued at about $26,000. Finally, Safe Harbor Fiduciary LLC lifted its position in MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on MSTR shares. UBS Group restated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. Barclays restated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright initiated coverage on shares of MicroStrategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective on the stock. Finally, Monness Crespi & Hardt cut shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 5,295 shares of MicroStrategy stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30. Following the transaction, the chief executive officer now owns 24,790 shares in the company, valued at $9,284,846.60. The trade was a 17.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carl J. Rickertsen sold 26,390 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director now owns 980 shares in the company, valued at approximately $364,952. This trade represents a 96.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 25,277 shares of company stock valued at $2,312,345 and sold 93,619 shares valued at $33,607,643. Insiders own 8.46% of the company's stock.

MicroStrategy Stock Down 1.6%

Shares of NASDAQ:MSTR traded down $6.15 during midday trading on Thursday, hitting $369.03. The stock had a trading volume of 9,128,059 shares, compared to its average volume of 17,961,893. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $371.84 and its 200-day simple moving average is $341.89. The company has a market cap of $100.89 billion, a P/E ratio of -16.92 and a beta of 3.73.

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

About MicroStrategy

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.