515 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Claro Advisors LLC

Claro Advisors LLC bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 515 shares of the software maker’s stock, valued at approximately $877,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in MicroStrategy in the 4th quarter valued at approximately $70,990,000. Beacon Pointe Advisors LLC bought a new position in MicroStrategy in the fourth quarter valued at $379,000. New York State Common Retirement Fund lifted its position in MicroStrategy by 7.7% during the 4th quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker’s stock worth $3,235,000 after buying an additional 366 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in MicroStrategy by 23.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock worth $1,665,000 after buying an additional 500 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of MicroStrategy by 90.0% during the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after buying an additional 1,361 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on MSTR shares. TD Cowen increased their price target on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research report on Friday, June 21st. BTIG Research raised their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Maxim Group started coverage on shares of MicroStrategy in a report on Tuesday, June 25th. They set a “buy” rating and a $1,835.00 target price on the stock. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,017.67.

MicroStrategy Stock Down 0.8 %

NASDAQ:MSTR opened at $1,365.97 on Tuesday. The stock has a 50 day simple moving average of $1,447.71 and a 200 day simple moving average of $1,134.62. MicroStrategy Incorporated has a 1-year low of $307.11 and a 1-year high of $1,999.99. 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 (NASDAQ:MSTR) last posted its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The firm had revenue of $115.25 million for the quarter, compared to analyst estimates of $124.80 million.

Insider Buying and Selling at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $1,638.91, for a total transaction of $8,194,550.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 35,856 shares of company stock valued at $51,096,331 in the last quarter. Company insiders own 13.18% of the company’s stock.

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.