368 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 368 shares of the software maker’s stock, valued at approximately $627,000.

Several other institutional investors also recently bought and sold shares of MSTR. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy during the 1st quarter worth $29,000. Rise Advisors LLC grew its stake in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after buying an additional 14 shares in the last quarter. Avondale Wealth Management acquired a new position in MicroStrategy during the 1st quarter worth approximately $61,000. Principal Securities Inc. acquired a new position in MicroStrategy during the 4th quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after acquiring an additional 40 shares during the period. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on MSTR shares. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Benchmark reaffirmed a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. Maxim Group started coverage on MicroStrategy in a report on Tuesday. They issued a “buy” rating and a $1,835.00 price target for the company. Finally, TD Cowen raised their price objective on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,017.67.

MicroStrategy Stock Up 4.6 %

Shares of MicroStrategy stock opened at $1,525.40 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The business has a 50-day moving average price of $1,442.81 and a 200 day moving average price of $1,115.66. MicroStrategy Incorporated has a fifty-two week low of $307.11 and a fifty-two week high of $1,999.99. The firm has a market cap of $27.06 billion, a P/E ratio of -227.67 and a beta of 3.08.

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

Insider Transactions at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 40,856 shares of company stock worth $59,250,731. 13.18% of the stock is currently owned by insiders.

MicroStrategy Company 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.