Fiduciary Planning LLC Invests $423,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Fiduciary Planning LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, Holdings Channel reports. The fund acquired 1,459 shares of the software maker’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MSTR. UMB Bank n.a. grew its holdings in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of MicroStrategy during the third quarter worth about $27,000. Sunbelt Securities Inc. grew its holdings in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

NASDAQ MSTR opened at $334.79 on Monday. MicroStrategy Incorporated has a 12 month low of $46.75 and a 12 month high of $543.00. The stock’s 50 day moving average is $359.82 and its 200 day moving average is $250.87. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

Insider Buying and Selling at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last quarter. 9.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSTR has been the subject of several research reports. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One 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, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $483.22.

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.