Brookstone Capital Management Grows Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Brookstone Capital Management raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 107.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 708 shares of the software maker’s stock after purchasing an additional 366 shares during the quarter. Brookstone Capital Management’s holdings in MicroStrategy were worth $1,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rise Advisors LLC increased its position in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after acquiring an additional 14 shares during the period. ST Germain D J Co. Inc. purchased a new position in shares of MicroStrategy in the first quarter worth about $29,000. CWM LLC lifted its holdings in shares of MicroStrategy by 7.3% during the fourth quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after purchasing an additional 27 shares during the period. Signaturefd LLC boosted its position in MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after buying an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in MicroStrategy by 30.7% in the 4th quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock worth $83,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 40,856 shares of company stock worth $59,250,731 in the last 90 days. Insiders own 13.18% of the company’s stock.

MicroStrategy Stock Down 9.7 %

Shares of MSTR opened at $1,377.48 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. The firm has a market cap of $24.44 billion, a P/E ratio of -205.59 and a beta of 3.08. The stock’s 50 day moving average is $1,446.88 and its two-hundred day moving average is $1,121.36. MicroStrategy Incorporated has a 12 month low of $307.11 and a 12 month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The company had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Analyst Ratings Changes

Several brokerages have commented on MSTR. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Benchmark reaffirmed a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday, April 25th. Maxim Group assumed coverage on MicroStrategy in a report on Tuesday. They issued a “buy” rating and a $1,835.00 price objective for the company. TD Cowen raised their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,017.67.

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.