Brooklyn Investment Group Acquires New Shares in MicroStrategy Incorporated (NASDAQ:MSTR)

Brooklyn Investment Group bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 218 shares of the software maker’s stock, valued at approximately $63,000.

Several other institutional investors also recently bought and sold shares of MSTR. Versant Capital Management Inc increased its holdings in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in MicroStrategy during the second quarter valued at approximately $106,000. Magnetar Financial LLC raised its position in shares of MicroStrategy by 31.6% in the second quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock valued at $464,000 after purchasing an additional 81 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of MicroStrategy by 10.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after buying an additional 87 shares during the last quarter. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of MicroStrategy by 900.0% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock worth $138,000 after buying an additional 90 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MSTR. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research boosted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Up 8.0 %

Shares of MicroStrategy stock opened at $396.50 on Monday. The company’s fifty day moving average price is $363.86 and its two-hundred day moving average price is $235.52. The firm has a market capitalization of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the company earned ($8.98) EPS.

Insider Buying and Selling

In related news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last 90 days. 9.16% of the stock is owned by company insiders.

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.