Darden Wealth Group Inc Makes New $246,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Darden Wealth Group Inc purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, Holdings Channel reports. The fund purchased 850 shares of the software maker’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSTR. National Bank of Canada FI boosted its stake in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at about $81,783,000. Clarity Capital Partners LLC grew its position in shares of MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after acquiring an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in MicroStrategy in the third quarter worth about $254,000. Finally, Wellington Management Group LLP raised its stake in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after acquiring an additional 6,104 shares during the period. 59.84% of the stock is owned by institutional investors.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Up 4.0 %

Shares of NASDAQ:MSTR opened at $293.61 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $75.56 billion, a price-to-earnings ratio of -52.12 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The stock’s 50-day moving average price is $305.50 and its two-hundred day moving average price is $300.59.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Monness Crespi & Hardt cut shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

MicroStrategy Company 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.