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Prospera Financial Services Inc purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 163 shares of the software maker’s stock, valued at approximately $79,000.
Other hedge funds have also recently bought and sold shares of the company. Sittner & Nelson LLC bought a new stake in MicroStrategy in the 4th quarter valued at $38,000. Harbor Investment Advisory LLC bought a new position in MicroStrategy during the 1st quarter valued at about $49,000. Benjamin F. Edwards & Company Inc. lifted its holdings in MicroStrategy by 100.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the software maker’s stock valued at $49,000 after purchasing an additional 50 shares during the last quarter. US Asset Management LLC bought a new position in MicroStrategy during the 1st quarter valued at about $50,000. Finally, Sterling Investment Advisors Ltd. increased its position in MicroStrategy by 16.4% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 248 shares of the software maker’s stock valued at $121,000 after acquiring an additional 35 shares in the last quarter. 52.87% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MSTR has been the subject of several research reports. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $453.00 to $372.00 in a research report on Thursday. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Saturday, July 2nd. Jefferies Financial Group lowered shares of MicroStrategy from a “hold” rating to an “underperform” rating and set a $180.00 price objective on the stock. in a research report on Tuesday, July 26th. Finally, TheStreet lowered shares of MicroStrategy from a “c-” rating to a “d+” rating in a research report on Monday, May 9th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $593.25.
MicroStrategy Price Performance
NASDAQ:MSTR opened at $319.15 on Monday. MicroStrategy Incorporated has a one year low of $134.09 and a one year high of $891.38. The company has a market cap of $3.61 billion, a P/E ratio of -2.71 and a beta of 2.23. The firm’s fifty day moving average price is $222.11 and its two-hundred day moving average price is $326.13. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.80 and a quick ratio of 0.81.
Insider Buying and Selling at MicroStrategy
In related news, EVP Timothy Edwin Lang acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were purchased at an average cost of $200.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the executive vice president now directly owns 2,708 shares in the company, valued at $541,600. The purchase was disclosed in a filing with the SEC, which is available at this link. In other MicroStrategy news, EVP Timothy Edwin Lang purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average cost of $200.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the executive vice president now owns 2,708 shares of the company’s stock, valued at approximately $541,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Rechan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was acquired at an average price of $204.42 per share, for a total transaction of $408,840.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $408,840. The disclosure for this purchase can be found here. Corporate insiders own 22.59% of the company’s stock.
About MicroStrategy
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MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.
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