Jmac Enterprises LLC Makes New $214,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Jmac Enterprises LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 740 shares of the software maker’s stock, valued at approximately $214,000.

Several other hedge funds also recently modified their holdings of MSTR. Sanctuary Advisors LLC acquired a new position in MicroStrategy in the 2nd quarter worth about $553,000. GAMMA Investing LLC increased its stake in shares of MicroStrategy by 1,096.7% in the third quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock valued at $61,000 after buying an additional 329 shares during the period. CWM LLC raised its holdings in MicroStrategy by 1,063.3% in the 3rd quarter. CWM LLC now owns 14,379 shares of the software maker’s stock valued at $2,424,000 after buying an additional 13,143 shares during the last quarter. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in MicroStrategy during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. The trade was a 8.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,050 shares of company stock valued at $9,689,930 in the last 90 days. 9.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MSTR. Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

Shares of MSTR opened at $319.46 on Wednesday. MicroStrategy Incorporated has a 52-week low of $65.02 and a 52-week high of $543.00. The business’s 50 day moving average price is $353.08 and its two-hundred day moving average price is $258.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.