C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 525 shares of the software maker’s stock, valued at approximately $895,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in MicroStrategy during the first quarter worth $520,000. Jennison Associates LLC purchased a new position in shares of MicroStrategy during the first quarter worth $806,000. FinTrust Capital Advisors LLC purchased a new position in shares of MicroStrategy during the first quarter worth $85,000. Gilbert & Cook Inc. purchased a new position in shares of MicroStrategy during the first quarter worth $341,000. Finally, Curran Financial Partners LLC purchased a new position in shares of MicroStrategy during the first quarter worth $220,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,489.82, for a total value of $7,449,100.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 20,168 shares of company stock worth $26,785,228 in the last quarter. Company insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. BTIG Research raised their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Maxim Group upgraded MicroStrategy to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, TD Cowen raised their price target on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $2,017.67.

MicroStrategy Stock Performance

MSTR stock traded up $3.95 during trading on Wednesday, hitting $1,305.72. The company had a trading volume of 632,507 shares, compared to its average volume of 1,817,862. The firm has a market cap of $23.16 billion, a PE ratio of -197.01 and a beta of 3.11. MicroStrategy Incorporated has a 1-year low of $307.11 and a 1-year high of $1,999.99. The firm has a 50-day moving average price of $1,453.98 and a 200-day moving average price of $1,164.97. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The company had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

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.