Thoroughbred Financial Services LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Thoroughbred Financial Services LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,014 shares of the software maker’s stock, valued at approximately $293,000.

A number of other hedge funds also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in MicroStrategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy in the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its position in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Aspect Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter worth $28,000. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Trading Up 4.0 %

Shares of MicroStrategy stock opened at $293.61 on Monday. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company’s fifty day simple moving average is $305.50 and its 200-day simple moving average is $301.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market capitalization of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36.

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

Insider Activity at MicroStrategy

In related news, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This represents a ? increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSTR has been the topic of a number of research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group cut their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $508.09.

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.