Index Fund Advisors Inc. Invests $258,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Index Fund Advisors Inc. bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 891 shares of the software maker’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its position in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after acquiring an additional 35 shares in the last quarter. Versant Capital Management Inc boosted its holdings in MicroStrategy by 38.2% during the fourth 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 in the last quarter. Masso Torrence Wealth Management Inc. grew its stake in shares of MicroStrategy by 1.8% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after purchasing an additional 55 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of MicroStrategy by 3.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after buying an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. lifted its position in shares of MicroStrategy by 2.2% during the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after buying an additional 67 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,050 shares of company stock worth $16,314,110. 9.16% of the stock is currently owned by company insiders.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $334.62 on Tuesday. The firm has a fifty day moving average of $354.16 and a two-hundred day moving average of $257.96. MicroStrategy Incorporated has a 52 week low of $65.02 and a 52 week high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several recent analyst reports. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

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.