RIA Advisory Group LLC Invests $3.12 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

RIA Advisory Group LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,937 shares of the software maker’s stock, valued at approximately $3,118,000. MicroStrategy accounts for 0.9% of RIA Advisory Group LLC’s holdings, making the stock its 17th largest position.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after purchasing an additional 1,361 shares during the period. Strong Tower Advisory Services purchased a new position in MicroStrategy in the fourth quarter worth $6,566,000. International Assets Investment Management LLC purchased a new position in MicroStrategy in the fourth quarter worth $12,367,000. Vanguard Group Inc. grew its position in MicroStrategy by 10.1% in the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after acquiring an additional 103,107 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in MicroStrategy by 498.9% in the fourth quarter. SG Americas Securities LLC now owns 8,768 shares of the software maker’s stock worth $5,538,000 after acquiring an additional 7,304 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $453.35, for a total transaction of $2,266,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Phong Le sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the sale, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $453.35, for a total transaction of $2,266,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,733 shares of company stock valued at $116,334,332. Corporate insiders own 20.79% of the company’s stock.

MicroStrategy Trading Down 2.8 %

MSTR stock traded down $34.05 during trading on Friday, reaching $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 52 week low of $266.00 and a 52 week high of $1,999.99. The company has a market cap of $19.92 billion, a P/E ratio of 42.32 and a beta of 2.89. The business has a 50 day moving average of $1,283.45 and a 200 day moving average of $767.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

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

Analyst Ratings Changes

Several research analysts recently issued reports on MSTR shares. Benchmark upped their target price on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, BTIG Research upped their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,473.00.

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.