Wedbush Securities Inc. Boosts Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Wedbush Securities Inc. boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 12.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,673 shares of the software maker’s stock after acquiring an additional 928 shares during the period. Wedbush Securities Inc.’s holdings in MicroStrategy were worth $2,512,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Maryland State Retirement & Pension System raised its position in shares of MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after buying an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc lifted its stake in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in shares of MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after purchasing an additional 48 shares during the period. Finally, Sterling Investment Advisors Ltd. increased its position in shares of MicroStrategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MSTR shares. Maxim Group raised their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Mizuho initiated coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Barclays cut 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. Finally, Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $508.09.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang bought 1,500 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $127,500. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

MicroStrategy Trading Up 4.0 %

Shares of NASDAQ MSTR opened at $293.61 on Friday. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The firm has a market cap of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. The business has a fifty day simple moving average of $305.50 and a two-hundred day simple moving average of $300.59. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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%.

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.