Miracle Mile Advisors LLC Buys New Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Miracle Mile Advisors LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 134 shares of the software maker’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also bought and sold shares of MSTR. ST Germain D J Co. Inc. acquired a new stake in MicroStrategy during the first quarter worth about $29,000. Principal Securities Inc. purchased a new stake in MicroStrategy during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd grew its position 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 buying an additional 40 shares during the period. Rise Advisors LLC increased its holdings in 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. Finally, Signaturefd LLC raised its position in shares of MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Down 3.4 %

Shares of MSTR stock opened at $1,320.19 on Wednesday. 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 debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s fifty day moving average is $1,447.35 and its two-hundred day moving average is $1,139.90. The firm 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 issued its earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. The business had revenue of $115.25 million during 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 stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $1,201.07, for a total value of $6,005,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 30,856 shares of company stock worth $42,901,781 in the last ninety days. Insiders own 13.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Canaccord Genuity Group cut their price target on 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. Maxim Group assumed coverage on MicroStrategy in a research report on Tuesday, June 25th. They set a “buy” rating and a $1,835.00 target price on the stock. TD Cowen lifted their price target on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Benchmark restated a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,017.67.

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.