Claro Advisors LLC Invests $877,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Claro Advisors LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 515 shares of the software maker’s stock, valued at approximately $877,000.

Other hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new stake in shares of MicroStrategy in the first quarter worth about $29,000. Principal Securities Inc. purchased a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd lifted its position in shares of MicroStrategy by 307.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after purchasing an additional 40 shares in the last quarter. Rise Advisors LLC boosted its stake in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of 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 purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $1,638.91, for a total transaction of $8,194,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 35,856 shares of company stock valued at $51,096,331 over the last three months. Company insiders own 13.18% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. BTIG Research increased their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. TD Cowen lifted their price objective on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Canaccord Genuity Group reduced their target price on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Finally, Benchmark restated a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,017.67.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $1,365.97 on Tuesday. MicroStrategy Incorporated has a 1-year low of $307.11 and a 1-year high of $1,999.99. The company’s fifty day moving average is $1,447.71 and its two-hundred day moving average is $1,134.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Monday, April 29th. The software maker reported ($8.26) 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%.

About MicroStrategy

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.