Orion Portfolio Solutions LLC Raises Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Orion Portfolio Solutions LLC grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 260.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,291 shares of the software maker’s stock after acquiring an additional 13,938 shares during the period. Orion Portfolio Solutions LLC’s holdings in MicroStrategy were worth $5,587,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MSTR. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the 4th quarter worth $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the 4th quarter worth about $25,000. Sunbelt Securities Inc. increased its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC bought a new position in shares of MicroStrategy during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Barclays decreased 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, February 10th. Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $536.90.

Insider Activity

In related news, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Stock Down 10.8 %

MSTR stock opened at $289.41 on Friday. 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 Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The stock has a market capitalization of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. The firm has a 50 day moving average of $313.64 and a 200 day moving average of $294.89.

MicroStrategy (NASDAQ:MSTR) last announced 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 net margin of 251.73% and a negative return on equity of 19.01%.

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.