Soltis Investment Advisors LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Soltis Investment Advisors LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 795 shares of the software maker’s stock, valued at approximately $230,000.

Several other large investors have also recently made changes to their positions in MSTR. Sanctuary Advisors LLC purchased a new position in MicroStrategy in the second quarter valued at about $553,000. GAMMA Investing LLC boosted its holdings in shares of MicroStrategy by 1,096.7% in the 3rd quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock valued at $61,000 after buying an additional 329 shares in the last quarter. CWM LLC grew its position in shares of MicroStrategy by 1,063.3% in the 3rd quarter. CWM LLC now owns 14,379 shares of the software maker’s stock worth $2,424,000 after buying an additional 13,143 shares during the last quarter. UMB Bank n.a. raised its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in MicroStrategy during the third quarter valued at approximately $202,000. 59.84% of the stock is owned by institutional investors.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,050 shares of company stock worth $9,689,930 over the last three months. Company insiders own 9.16% of the company’s stock.

MicroStrategy Trading Down 4.5 %

MicroStrategy stock opened at $319.46 on Wednesday. The stock has a 50-day moving average price of $353.08 and a 200 day moving average price of $258.97. The company has a market capitalization of $76.56 billion, a price-to-earnings ratio of -56.71 and a beta of 3.25. MicroStrategy Incorporated has a 52 week low of $65.02 and a 52 week high of $543.00. 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 (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Ratings Changes

Several research firms have issued reports on MSTR. Maxim Group lifted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday. One 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 stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

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.