Soltis Investment Advisors LLC Acquires Shares of 795 MicroStrategy Incorporated (NASDAQ:MSTR)

Soltis Investment Advisors LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 the company. National Bank of Canada FI grew its holdings in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy during the 3rd quarter valued at approximately $254,000. Wellington Management Group LLP grew its holdings in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. US Bancorp DE increased its position in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

MicroStrategy Price Performance

MSTR opened at $319.46 on Wednesday. The business has a fifty day moving average of $353.08 and a 200 day moving average of $258.97. The stock has a market cap of $76.56 billion, a P/E ratio of -56.71 and a beta of 3.25. 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 Incorporated has a 52-week low of $65.02 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MSTR. Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

Insider Buying and Selling at MicroStrategy

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

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.