Florida Financial Advisors LLC Takes $292,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Florida Financial Advisors LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,010 shares of the software maker’s stock, valued at approximately $292,000.

Other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares during the period. Proficio Capital Partners LLC bought a new stake in MicroStrategy during the 4th quarter valued at $81,783,000. Clarity Capital Partners LLC lifted its position in shares of MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy in the third quarter worth $254,000. Finally, Wellington Management Group LLP grew its position in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insiders Place Their Bets

In other MicroStrategy news, CFO Andrew Kang acquired 1,500 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phong Le acquired 6,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now directly owns 6,000 shares in the company, valued at $510,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 8,000 shares of company stock valued at $680,000 over the last quarter. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $341.81 on Wednesday. The company has a market capitalization of $87.97 billion, a P/E ratio of -60.68 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a fifty day moving average of $317.25 and a 200-day moving average of $292.11.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods initiated 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 hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $536.90.

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.