Brookstone Capital Management Acquires Shares of 342 MicroStrategy Incorporated (NASDAQ:MSTR)

Brookstone Capital Management acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 342 shares of the software maker’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Grey Street Capital LLC boosted its stake in MicroStrategy by 21.4% in the fourth quarter. Grey Street Capital LLC now owns 850 shares of the software maker’s stock valued at $537,000 after acquiring an additional 150 shares during the last quarter. GSG Advisors LLC boosted its stake in MicroStrategy by 25.0% in the fourth quarter. GSG Advisors LLC now owns 1,250 shares of the software maker’s stock valued at $789,000 after acquiring an additional 250 shares during the last quarter. IFP Advisors Inc boosted its stake in MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after acquiring an additional 1,361 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in MicroStrategy in the fourth quarter valued at approximately $126,000. Finally, Vanguard Group Inc. boosted its stake in MicroStrategy by 10.1% in the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares during the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $1,919.16 on Thursday. The firm has a market cap of $32.57 billion, a PE ratio of 68.10 and a beta of 2.82. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy Incorporated has a 1-year low of $232.50 and a 1-year high of $1,999.99. The company has a fifty day moving average price of $965.27 and a 200 day moving average price of $641.38.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The firm had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $453.35, for a total value of $2,266,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the sale, the executive vice president now directly owns 453 shares of the company’s stock, valued at approximately $322,227.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $453.35, for a total transaction of $2,266,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,256 shares of company stock valued at $84,789,498. Company insiders own 22.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. BTIG Research lifted their price target on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Benchmark started coverage on shares of MicroStrategy in a report on Tuesday, February 27th. They issued a “buy” rating and a $990.00 price target for the company. Finally, Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $670.00 to $791.00 and gave the company a “buy” rating in a report on Thursday, December 28th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $870.20.

MicroStrategy 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.