Rahlfs Capital LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Rahlfs Capital LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,610 shares of the software maker’s stock, valued at approximately $756,000.

A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC grew 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 valued at $465,573,000 after buying an additional 2,512,645 shares in the last quarter. Norges Bank purchased a new position in shares of MicroStrategy in the fourth quarter valued at $523,981,000. Amundi lifted its holdings in MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after buying an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in MicroStrategy in the 4th quarter valued at about $81,783,000. Finally, Virtu Financial LLC increased its position in shares of MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after acquiring an additional 222,109 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have issued reports on MSTR. Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $508.09.

MicroStrategy Stock Up 4.0 %

MSTR stock opened at $293.61 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. The firm has a market cap of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a fifty day simple moving average of $305.50 and a 200 day simple moving average of $299.41.

MicroStrategy (NASDAQ:MSTR) last issued 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%.

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.