World Investment Advisors Invests $1.77 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

World Investment Advisors purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, Holdings Channel reports. The fund purchased 6,098 shares of the software maker’s stock, valued at approximately $1,766,000.

Several other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of MicroStrategy by 130.8% in the fourth quarter. Huntington National Bank now owns 120 shares of the software maker’s stock valued at $35,000 after acquiring an additional 68 shares during the last quarter. Geode Capital Management LLC raised its position in MicroStrategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after purchasing an additional 281,342 shares during the last quarter. Nemes Rush Group LLC acquired a new position in MicroStrategy in the fourth quarter worth $39,000. HighPoint Advisor Group LLC grew its holdings in shares of MicroStrategy by 47.4% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,637 shares of the software maker’s stock worth $1,162,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of MicroStrategy by 227.0% in the fourth quarter. Franklin Resources Inc. now owns 13,891 shares of the software maker’s stock valued at $4,023,000 after buying an additional 9,643 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

MicroStrategy Stock Up 4.0 %

Shares of MicroStrategy stock opened at $293.61 on Friday. The business has a fifty day simple moving average of $305.50 and a 200 day simple moving average of $299.41. The stock has a market cap of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced 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%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Maxim Group upped their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Monness Crespi & Hardt lowered shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a report on Tuesday. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $508.09.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CEO Phong Le purchased 6,000 shares of the stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Kang acquired 1,500 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

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.