RIA Advisory Group LLC Makes New $3.12 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

RIA Advisory Group LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,937 shares of the software maker’s stock, valued at approximately $3,118,000. MicroStrategy accounts for approximately 0.9% of RIA Advisory Group LLC’s holdings, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC bought a new position in shares of MicroStrategy during the 3rd quarter worth approximately $37,000. Private Trust Co. NA acquired a new stake in MicroStrategy during the 4th quarter valued at $75,000. NBC Securities Inc. acquired a new stake in MicroStrategy during the 3rd quarter valued at $41,000. Beaird Harris Wealth Management LLC increased its holdings in MicroStrategy by 364.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock valued at $56,000 after purchasing an additional 135 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in MicroStrategy during the 3rd quarter valued at $66,000. Institutional investors own 72.03% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent analyst reports. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark lifted their target price on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. BTIG Research lifted their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, TD Cowen lowered their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,473.00.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 2,482 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $1,218.09, for a total value of $3,023,299.38. Following the transaction, the chairman now directly owns 2,482 shares in the company, valued at approximately $3,023,299.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MicroStrategy news, Chairman Michael J. Saylor sold 2,482 shares of MicroStrategy stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $1,218.09, for a total transaction of $3,023,299.38. Following the transaction, the chairman now directly owns 2,482 shares in the company, valued at $3,023,299.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 3,750 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total value of $3,263,662.50. Following the transaction, the chief financial officer now owns 873 shares in the company, valued at $759,780.63. The disclosure for this sale can be found here. Insiders have sold 121,733 shares of company stock worth $116,334,332 in the last three months. Insiders own 20.79% of the company’s stock.

MicroStrategy Trading Down 2.8 %

Shares of NASDAQ:MSTR traded down $34.05 during midday trading on Friday, hitting $1,174.11. The company had a trading volume of 1,457,802 shares, compared to its average volume of 2,207,238. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 42.32 and a beta of 2.89. The firm has a fifty day simple moving average of $1,283.45 and a 200 day simple moving average of $767.64.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The business had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million.

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.