MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Spire Wealth Management

Spire Wealth Management boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,837 shares of the software maker’s stock after purchasing an additional 142 shares during the period. Spire Wealth Management’s holdings in MicroStrategy were worth $1,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd lifted its stake in MicroStrategy by 307.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares during the last quarter. Signaturefd LLC boosted its stake in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of MicroStrategy in the 3rd quarter worth $41,000. Beaird Harris Wealth Management LLC raised its position in shares of MicroStrategy by 364.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after purchasing an additional 135 shares during the period. Finally, Toronto Dominion Bank purchased a new stake in shares of MicroStrategy during the third quarter valued at $66,000. 72.03% of the stock is owned by institutional investors.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the transaction, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at $512,437.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,452 shares of company stock valued at $110,218,847. Insiders own 13.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MSTR shares. BTIG Research lifted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. TD Cowen cut their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $1,678.75.

MicroStrategy Stock Performance

Shares of MSTR opened at $1,210.00 on Wednesday. The company has a market capitalization of $20.53 billion, a PE ratio of -187.68 and a beta of 3.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50 day moving average price is $1,413.58 and its 200 day moving average price is $855.40. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The business had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million.

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.