Kovack Advisors Inc. Takes $595,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Kovack Advisors Inc. bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 349 shares of the software maker’s stock, valued at approximately $595,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSTR. Rise Advisors LLC raised its position in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of MicroStrategy during the 1st quarter worth $29,000. CWM LLC lifted its position in shares of MicroStrategy by 7.3% during the 4th quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after buying an additional 27 shares during the last quarter. Signaturefd LLC boosted its stake in MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after buying an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in MicroStrategy by 30.7% in the fourth quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock valued at $83,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $1,537.40, for a total transaction of $7,687,000.00. Following the transaction, the chairman now owns 994 shares of the company’s stock, valued at approximately $1,528,175.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 30,856 shares of company stock worth $42,901,781. 13.18% of the stock is currently owned by company insiders.

MicroStrategy Stock Down 1.4 %

MSTR stock traded down $18.10 during trading on Thursday, hitting $1,302.09. The company had a trading volume of 665,940 shares, compared to its average volume of 1,240,267. The business has a 50-day moving average of $1,448.07 and a 200-day moving average of $1,141.03. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. MicroStrategy Incorporated has a one year low of $307.11 and a one year high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS 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 $115.25 million for the quarter, compared to the consensus estimate of $124.80 million.

Analysts Set New Price Targets

MSTR has been the topic of a number of research analyst reports. BTIG Research raised their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Benchmark reiterated a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday, April 25th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, Maxim Group raised MicroStrategy to a “strong-buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $2,017.67.

MicroStrategy 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.