Means Investment CO. Inc. Acquires 67 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Means Investment CO. Inc. increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,159 shares of the software maker’s stock after buying an additional 67 shares during the quarter. Means Investment CO. Inc.’s holdings in MicroStrategy were worth $915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC grew its position in shares of MicroStrategy by 124.2% during the 4th quarter. HHM Wealth Advisors LLC now owns 17,844 shares of the software maker’s stock valued at $5,168,000 after acquiring an additional 9,884 shares during the period. Alterna Wealth Management Inc. bought a new position in shares of MicroStrategy in the fourth quarter worth about $220,000. GPS Wealth Strategies Group LLC grew its stake in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after acquiring an additional 35 shares during the period. McAdam LLC bought a new stake in MicroStrategy during the 4th quarter worth approximately $350,000. Finally, Greenleaf Trust raised its stake in MicroStrategy by 285.3% during the 4th quarter. Greenleaf Trust now owns 4,843 shares of the software maker’s stock worth $1,403,000 after acquiring an additional 3,586 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were 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 directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction 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 sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $483.22.

MicroStrategy Price Performance

NASDAQ MSTR opened at $334.79 on Monday. MicroStrategy Incorporated has a 52 week low of $46.75 and a 52 week high of $543.00. The company has a fifty day moving average of $359.82 and a two-hundred day moving average of $250.87. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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.