MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,905 shares of the software maker's stock after acquiring an additional 881 shares during the period. Janney Montgomery Scott LLC's holdings in MicroStrategy were worth $8,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the 4th quarter worth about $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth about $26,000. Finally, Safe Harbor Fiduciary LLC increased its position in MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 339 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45. Following the completion of the sale, the chief accounting officer now directly owns 8,605 shares in the company, valued at $3,223,002.75. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carl J. Rickertsen sold 26,390 shares of the firm'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 completion of the transaction, 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 three months, insiders purchased 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 Up 0.2%

MicroStrategy stock opened at $369.70 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. MicroStrategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The company has a market cap of $101.08 billion, a PE ratio of -16.95 and a beta of 3.73. The stock's 50 day moving average price is $375.17 and its 200 day moving average price is $341.78.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.83) earnings per share.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. HC Wainwright assumed coverage on MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. Finally, Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MicroStrategy currently has an average rating of "Moderate Buy" and an average target price of $514.42.

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.

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