Stonebridge Financial Group LLC Buys Shares of 550 MicroStrategy Incorporated (NASDAQ:MSTR)

Stonebridge Financial Group LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 550 shares of the software maker’s stock, valued at approximately $159,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Wealth Management Group LLC raised its stake in MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after buying an additional 71 shares in the last quarter. Activest Wealth Management bought a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $33,000. SOA Wealth Advisors LLC. bought a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $37,000. Versant Capital Management Inc raised its position in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of several recent research reports. Canaccord Genuity Group lowered their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Up 2.3 %

MSTR opened at $326.82 on Thursday. The stock’s 50 day moving average price is $351.50 and its 200 day moving average price is $259.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market cap of $78.32 billion, a P/E ratio of -58.02 and a beta of 3.25. MicroStrategy Incorporated has a 12 month low of $65.56 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insiders Place Their Bets

In related news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.16% 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.