HighPoint Advisor Group LLC Grows Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

HighPoint Advisor Group LLC grew its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,462 shares of the software maker's stock after acquiring an additional 825 shares during the quarter. HighPoint Advisor Group LLC's holdings in MicroStrategy were worth $1,286,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MSTR. Quadrant Capital Group LLC raised its holdings in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $26,000. Safe Harbor Fiduciary LLC raised its holdings in shares of MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after buying an additional 82 shares in the last quarter. First United Bank & Trust acquired a new position in shares of MicroStrategy in the 1st quarter worth approximately $29,000. Finally, Horrell Capital Management Inc. bought a new stake in MicroStrategy during the 4th quarter worth approximately $31,000. Institutional investors own 59.84% of the company's stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $430.54, for a total transaction of $18,836,125.00. Following the sale, the chief accounting officer owned 8,606 shares in the company, valued at $3,705,227.24. This represents a 83.56% 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, CEO Phong Le sold 5,295 shares of the firm's 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 completion of the transaction, the chief executive officer owned 24,790 shares of the company's stock, valued at approximately $9,284,846.60. This represents a 17.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 25,277 shares of company stock valued at $2,312,345 and sold 176,071 shares valued at $71,672,901. Insiders own 8.46% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on MSTR. Cantor Fitzgerald reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. TD Cowen upped their target price on shares of MicroStrategy from $590.00 to $680.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, BTIG Research reissued a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of "Moderate Buy" and an average target price of $525.67.

MicroStrategy Trading Up 0.0%

MSTR stock traded up $0.12 during mid-day trading on Tuesday, reaching $426.40. The company's stock had a trading volume of 10,491,881 shares, compared to its average volume of 17,902,979. The company has a market cap of $116.58 billion, a price-to-earnings ratio of -19.55 and a beta of 3.70. The business's 50 day moving average price is $394.90 and its 200 day moving average price is $348.68. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period last year, the business posted ($0.83) EPS. The company's revenue was down 3.6% on a year-over-year basis.

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.