GPS Wealth Strategies Group LLC Grows Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

GPS Wealth Strategies Group LLC raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,120 shares of the software maker’s stock after buying an additional 35 shares during the period. GPS Wealth Strategies Group LLC’s holdings in MicroStrategy were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MSTR. Versant Capital Management Inc grew its stake in 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 purchasing an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its position in shares of MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after buying an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after buying an additional 65 shares in the last quarter. FSC Wealth Advisors LLC increased its stake in shares of MicroStrategy by 61.5% in the fourth quarter. FSC Wealth Advisors LLC now owns 210 shares of the software maker’s stock worth $61,000 after buying an additional 80 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in MicroStrategy by 14.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock valued at $193,000 after acquiring an additional 85 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 in the last quarter. Company insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MSTR shares. Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Maxim Group boosted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Price Performance

MSTR stock opened at $334.79 on Monday. MicroStrategy Incorporated has a 1 year low of $46.75 and a 1 year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average is $359.82 and its two-hundred day moving average is $250.87.

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.