MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) Stock Price Up 1.2% – Still a Buy?

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK – Get Free Report)’s stock price rose 1.2% during mid-day trading on Wednesday . The company traded as high as $67.59 and last traded at $66.87. Approximately 64,279 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 169,624 shares. The stock had previously closed at $66.06.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Price Performance

The business’s 50-day simple moving average is $73.71 and its two-hundred day simple moving average is $78.47.

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MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $2.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $8.00 dividend on an annualized basis and a yield of 11.5%.

Institutional Trading of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock

A number of hedge funds have recently added to or reduced their stakes in STRK. Captrust Financial Advisors boosted its position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 53.8% in the fourth quarter. Captrust Financial Advisors now owns 4,391 shares of the company’s stock valued at $346,000 after buying an additional 1,536 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the first quarter valued at approximately $104,000. Finally, Fiduciary Alliance LLC boosted its position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 7.0% in the fourth quarter. Fiduciary Alliance LLC now owns 2,997 shares of the company’s stock valued at $236,000 after buying an additional 197 shares in the last quarter.

MicroStrategy Incorporated is a global leader in enterprise analytics and business intelligence software. The company develops and markets a comprehensive analytics platform that enables organizations to visualize and analyze data from multiple sources, build interactive dashboards, and deliver insights through web and mobile applications. Its product suite includes on-premise and cloud-based offerings, designed to support large-scale deployments across a wide range of industries, from financial services and healthcare to retail and manufacturing.

Founded in 1989 by Chairman and co-founder Michael Saylor and co-founder Sanju Bansal, MicroStrategy has grown from a boutique software startup into an established public company.

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