Core Wealth Partners LLC Has $1.72 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Core Wealth Partners LLC lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,925 shares of the software maker’s stock after acquiring an additional 525 shares during the quarter. MicroStrategy makes up approximately 1.0% of Core Wealth Partners LLC’s portfolio, making the stock its 24th biggest position. Core Wealth Partners LLC’s holdings in MicroStrategy were worth $1,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the fourth quarter valued at about $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. boosted its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust grew its holdings in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Aspect Partners LLC acquired a new position in MicroStrategy in the 4th quarter valued at approximately $28,000. Institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao acquired 500 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le acquired 6,000 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at approximately $510,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 8,000 shares of company stock worth $680,000 in the last ninety days. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Trading Up 1.8 %

MSTR opened at $341.81 on Wednesday. The company has a fifty day moving average price of $317.25 and a two-hundred day moving average price of $292.11. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a market cap of $87.97 billion, a P/E ratio of -60.68 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly 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 19.01% and a negative net margin of 251.73%.

Analyst Ratings Changes

A number of brokerages have recently commented 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. Monness Crespi & Hardt began coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.