Syntegra Private Wealth Group LLC Invests $218,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Syntegra Private Wealth Group LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 752 shares of the software maker’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently added to or reduced their stakes in MSTR. National Bank of Canada FI grew its position in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy during the 3rd quarter worth $254,000. Wellington Management Group LLP increased its stake in MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the period. US Bancorp DE raised its holdings in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after buying an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock valued at $16,314,110 in the last 90 days. 9.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Trading Down 3.3 %

Shares of MicroStrategy stock opened at $336.70 on Thursday. The company has a 50-day moving average of $357.54 and a two-hundred day moving average of $254.00. The stock has a market cap of $80.69 billion, a PE ratio of -159.80 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12-month low of $46.75 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%.

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.