Diversified Trust Co Acquires New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Diversified Trust Co purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 384 shares of the software maker’s stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. Compass Ion Advisors LLC raised its holdings in MicroStrategy by 0.4% during the first quarter. Compass Ion Advisors LLC now owns 9,152 shares of the software maker’s stock worth $15,600,000 after acquiring an additional 40 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of MicroStrategy by 36.1% during the 1st quarter. Fiduciary Alliance LLC now owns 1,134 shares of the software maker’s stock worth $1,856,000 after purchasing an additional 301 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of MicroStrategy during the 1st quarter worth approximately $68,000. LongView Wealth Management acquired a new stake in shares of MicroStrategy in the 1st quarter valued at approximately $341,000. Finally, Sunburst Financial Group LLC bought a new position in shares of MicroStrategy in the first quarter valued at $594,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Down 1.4 %

Shares of NASDAQ MSTR opened at $1,302.09 on Thursday. MicroStrategy Incorporated has a 1 year low of $307.11 and a 1 year high of $1,999.99. The company has a market cap of $23.10 billion, a P/E ratio of -194.34 and a beta of 3.11. The firm has a 50-day simple moving average of $1,448.07 and a two-hundred day simple moving average of $1,141.03. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The firm had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen increased their price target on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Benchmark reiterated a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. BTIG Research boosted their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Maxim Group upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $2,017.67.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Chairman Michael J. Saylor sold 688 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $1,657.49, for a total value of $1,140,353.12. Following the sale, the chairman now directly owns 688 shares of the company’s stock, valued at $1,140,353.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 30,856 shares of company stock worth $42,901,781 over the last quarter. 13.18% of the stock is currently owned by insiders.

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.