Altiora Financial Group LLC Purchases Shares of 201 MicroStrategy Incorporated (NASDAQ:MSTR)

Altiora Financial Group LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 201 shares of the software maker’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in MicroStrategy during the 4th quarter valued at about $70,990,000. Beacon Pointe Advisors LLC acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $379,000. New York State Common Retirement Fund grew its position in MicroStrategy by 7.7% during the 4th quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker’s stock worth $3,235,000 after acquiring an additional 366 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in MicroStrategy by 23.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock valued at $1,665,000 after purchasing an additional 500 shares in the last quarter. Finally, IFP Advisors Inc raised its position in MicroStrategy by 90.0% in the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after purchasing an additional 1,361 shares during the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Trading Down 1.4 %

Shares of MSTR traded down $18.10 on Wednesday, reaching $1,302.09. 655,446 shares of the company’s stock were exchanged, compared to its average volume of 1,844,520. The business has a 50 day moving average price of $1,447.35 and a two-hundred day moving average price of $1,139.90. MicroStrategy Incorporated has a 12 month low of $307.11 and a 12 month high of $1,999.99. The stock has a market capitalization of $23.10 billion, a P/E ratio of -196.42 and a beta of 3.11. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last issued its 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 business had revenue of $115.25 million for the quarter, compared to the consensus estimate of $124.80 million.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSTR. Benchmark restated a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Maxim Group upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Thursday, June 27th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Finally, Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating for the company in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Buy” and a consensus target price of $2,017.67.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $1,537.40, for a total transaction of $7,687,000.00. Following the transaction, the chairman now owns 994 shares of the company’s stock, valued at approximately $1,528,175.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 30,856 shares of company stock worth $42,901,781. 13.18% of the stock is owned by insiders.

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.