Golden State Wealth Management LLC Makes New $3.89 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Golden State Wealth Management LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,441 shares of the software maker’s stock, valued at approximately $3,893,000.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in MicroStrategy by 141.8% during the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after acquiring an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of MicroStrategy by 144.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock valued at $252,000 after purchasing an additional 108 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of MicroStrategy in the second quarter valued at $553,000. GAMMA Investing LLC raised its stake 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. Finally, Dynamic Advisor Solutions LLC raised its position in MicroStrategy by 951.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,781 shares of the software maker’s stock worth $1,312,000 after purchasing an additional 7,041 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday. They issued an “outperform” rating and a $560.00 target price on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $546.30.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction dated 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 directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phong Le sold 1,252 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now owns 13,918 shares in the company, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is currently owned by insiders.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $325.46 on Friday. The firm has a 50 day simple moving average of $356.27 and a 200 day simple moving average of $254.50. MicroStrategy Incorporated has a fifty-two week low of $46.75 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $78.00 billion, a P/E ratio of -154.47 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%.

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.