Maridea Wealth Management LLC Buys New Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Maridea Wealth Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel reports. The fund purchased 1,481 shares of the software maker’s stock, valued at approximately $429,000.

Several other institutional investors and hedge funds have also bought and sold shares of MSTR. Geode Capital Management LLC increased its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after acquiring an additional 2,512,645 shares during the period. Norges Bank acquired a new stake in MicroStrategy during the 4th quarter worth about $523,981,000. Charles Schwab Investment Management Inc. raised its stake in shares of MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after buying an additional 579,994 shares during the period. Finally, Amundi boosted its stake in shares of MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after buying an additional 413,028 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MicroStrategy

In related news, EVP Wei-Ming Shao purchased 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Cantor Fitzgerald lifted 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. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $536.90.

MicroStrategy Trading Down 10.8 %

Shares of MicroStrategy stock opened at $289.41 on Friday. 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 Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The firm has a market capitalization of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. The firm’s 50-day moving average price is $313.64 and its 200 day moving average price is $294.89.

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

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.