696 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 696 shares of the software maker's stock, valued at approximately $440,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of MicroStrategy by 90.0% during the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker's stock worth $1,815,000 after purchasing an additional 1,361 shares in the last quarter. Strong Tower Advisory Services purchased a new stake in shares of MicroStrategy during the 4th quarter worth $6,566,000. International Assets Investment Management LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth $12,367,000. Vanguard Group Inc. boosted its position in shares of MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker's stock worth $369,965,000 after purchasing an additional 103,107 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of MicroStrategy by 498.9% during the 4th quarter. SG Americas Securities LLC now owns 8,768 shares of the software maker's stock worth $5,538,000 after purchasing an additional 7,304 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $491.32, for a total value of $2,456,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $491.32, for a total transaction of $2,456,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phong Le sold 10,000 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the transaction, the chief executive officer now directly owns 595 shares of the company's stock, valued at approximately $512,437.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,452 shares of company stock valued at $122,745,797. 13.18% of the stock is owned by insiders.

MicroStrategy Price Performance

MSTR stock traded up $41.97 during trading on Friday, hitting $1,282.38. The stock had a trading volume of 881,462 shares, compared to its average volume of 1,592,514. The company's 50 day moving average price is $1,351.21 and its two-hundred day moving average price is $810.21. MicroStrategy Incorporated has a 1-year low of $266.00 and a 1-year high of $1,999.99. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 45.51 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The firm had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group restated a "buy" rating and set a $1,810.00 target price on shares of MicroStrategy in a research report on Thursday, March 28th. StockNews.com raised MicroStrategy to a "sell" rating in a research note on Monday, March 18th. TD Cowen cut their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating for the company in a research note on Wednesday, March 20th. BTIG Research lifted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Finally, Benchmark reaffirmed a "buy" rating and set a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has a consensus rating of "Moderate Buy" and an average price target of $1,473.00.

MicroStrategy Company Profile

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.