MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 27.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,326 shares of the software maker’s stock after acquiring an additional 716 shares during the period. Empowered Funds LLC’s holdings in MicroStrategy were worth $963,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Moloney Securities Asset Management LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth $235,000. Wilmington Savings Fund Society FSB raised its stake in MicroStrategy by 957.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,057 shares of the software maker’s stock valued at $306,000 after buying an additional 957 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in MicroStrategy by 65.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 6,317 shares of the software maker’s stock worth $1,830,000 after buying an additional 2,507 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of MicroStrategy during the 4th quarter worth about $222,000. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of MicroStrategy in the 4th quarter valued at about $234,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Canaccord Genuity Group dropped their target price 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. Finally, Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $337.73 on Tuesday. The firm has a market cap of $80.94 billion, a P/E ratio of -59.96 and a beta of 3.25. MicroStrategy Incorporated has a 52-week low of $66.43 and a 52-week high of $543.00. The business’s 50-day moving average price is $348.57 and its 200 day moving average price is $263.80. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Insider Buying and Selling

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.16% of the company’s stock.

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.