Strategic Financial Concepts LLC Invests $4.20 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

Strategic Financial Concepts LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel reports. The firm bought 14,487 shares of the software maker’s stock, valued at approximately $4,196,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after buying an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the last quarter. Swiss National Bank grew its stake in shares of MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after acquiring an additional 314,007 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. Maxim Group lifted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday. They set an “outperform” rating and a $560.00 price objective on the stock. Finally, Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One equities research 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. According to MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $546.30.

MicroStrategy Trading Up 0.6 %

NASDAQ MSTR opened at $327.56 on Monday. The firm’s 50 day moving average price is $355.07 and its two-hundred day moving average price is $256.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a twelve month low of $52.51 and a twelve month high of $543.00. The stock has a market cap of $78.50 billion, a price-to-earnings ratio of -58.15 and a beta of 3.25.

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

Insider Buying and Selling at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock worth $16,314,110 over the last ninety days. 9.16% of the stock is currently owned by insiders.

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.