Nations Financial Group Inc. IA ADV Invests $2.86 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

Nations Financial Group Inc. IA ADV purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,679 shares of the software maker's stock, valued at approximately $2,862,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSTR. Commonwealth Equity Services LLC increased its stake in MicroStrategy by 12.3% during the third quarter. Commonwealth Equity Services LLC now owns 13,230 shares of the software maker's stock valued at $4,343,000 after acquiring an additional 1,454 shares during the period. Pinnacle Associates Ltd. lifted its holdings in MicroStrategy by 5.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,752 shares of the software maker's stock worth $903,000 after buying an additional 143 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in MicroStrategy by 3.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,674 shares of the software maker's stock worth $878,000 after buying an additional 99 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of MicroStrategy by 37.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 959 shares of the software maker's stock valued at $315,000 after acquiring an additional 263 shares during the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of MicroStrategy in the 3rd quarter valued at $256,000. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

NASDAQ:MSTR traded up $93.59 during mid-day trading on Friday, hitting $1,223.01. The stock had a trading volume of 1,560,962 shares, compared to its average volume of 1,593,081. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of -182.54 and a beta of 3.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.78. MicroStrategy Incorporated has a twelve month low of $266.00 and a twelve month high of $1,999.99. The company's 50 day simple moving average is $1,396.42 and its 200 day simple moving average is $835.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The firm had revenue of $124.48 million for the quarter, compared to analysts' expectations of $134.90 million.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MSTR shares. Canaccord Genuity Group lowered their target price on MicroStrategy from $1,810.00 to $1,590.00 and set a "buy" rating for the company in a report on Tuesday. StockNews.com upgraded shares of MicroStrategy to a "sell" rating in a research note on Monday, March 18th. Benchmark restated a "buy" rating and set a $1,875.00 price objective on shares of MicroStrategy in a research note on Thursday, April 25th. TD Cowen reduced their price objective on shares of 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. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, MicroStrategy has a consensus rating of "Moderate Buy" and a consensus target price of $1,678.75.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the sale, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Michael J. Saylor sold 5,000 shares of the business's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phong Le sold 10,000 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the sale, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The disclosure for this sale can be found here. Insiders have sold 102,452 shares of company stock valued at $115,133,997 over the last three months. 13.18% of the stock is owned by insiders.

About MicroStrategy

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.

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