CAP Partners LLC Invests $863,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

CAP Partners LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 506 shares of the software maker’s stock, valued at approximately $863,000.

Other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in shares of MicroStrategy during the 1st quarter worth approximately $1,297,000. Panoramic Investment Advisors LLC acquired a new stake in MicroStrategy during the first quarter worth $211,000. Allspring Global Investments Holdings LLC bought a new stake in MicroStrategy in the 1st quarter valued at $58,000. Claro Advisors LLC acquired a new position in shares of MicroStrategy in the 1st quarter valued at $877,000. Finally, Miracle Mile Advisors LLC bought a new position in shares of MicroStrategy during the 1st quarter worth about $228,000. 72.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 688 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $1,657.49, for a total value of $1,140,353.12. Following the transaction, the chairman now owns 688 shares in the company, valued at $1,140,353.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 35,856 shares of company stock worth $51,096,331 in the last quarter. Insiders own 13.18% of the company’s stock.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR traded down $45.78 during midday trading on Tuesday, reaching $1,320.19. The company’s stock had a trading volume of 920,616 shares, compared to its average volume of 1,853,932. The business’s fifty day simple moving average is $1,447.35 and its 200-day simple moving average is $1,139.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. MicroStrategy Incorporated has a fifty-two week low of $307.11 and a fifty-two week high of $1,999.99. The company has a market capitalization of $23.42 billion, a P/E ratio of -197.04 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The company had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent research reports. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Canaccord Genuity Group lowered their price target on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Maxim Group initiated coverage on MicroStrategy in a report on Tuesday, June 25th. They set a “buy” rating and a $1,835.00 price objective for the company. Finally, BTIG Research upped their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,017.67.

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.