X Square Capital LLC Has $3.94 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

X Square Capital LLC boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,605 shares of the software maker’s stock after buying an additional 1,405 shares during the period. MicroStrategy makes up approximately 1.6% of X Square Capital LLC’s portfolio, making the stock its 14th biggest position. X Square Capital LLC’s holdings in MicroStrategy were worth $3,940,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new position in MicroStrategy during the 4th quarter valued at $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy during the fourth quarter worth about $25,000. Parkside Financial Bank & Trust grew its position in MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC purchased a new stake in MicroStrategy in the 4th quarter valued at about $28,000. Finally, Private Wealth Management Group LLC lifted its position in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after buying an additional 71 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Down 1.4 %

MSTR opened at $324.59 on Friday. The firm has a market capitalization of $83.53 billion, a P/E ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a fifty day moving average price of $315.78 and a 200-day moving average price of $292.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Analysts Set New Price Targets

A number of analysts recently commented on MSTR shares. Cantor Fitzgerald increased their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. Finally, Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $536.90.

Insiders Place Their Bets

In related news, CFO Andrew Kang bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phong Le purchased 6,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $510,000.00. Following the transaction, the chief executive officer now directly owns 6,000 shares in the company, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

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.