Regatta Capital Group LLC Makes New $319,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Regatta Capital Group LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,100 shares of the software maker’s stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MSTR. Duncan Williams Asset Management LLC bought a new position in MicroStrategy during the fourth quarter worth about $237,000. Affiance Financial LLC bought a new position in MicroStrategy during the 4th quarter worth approximately $287,000. AlphaMark Advisors LLC boosted its stake in MicroStrategy by 240.0% during the 4th quarter. AlphaMark Advisors LLC now owns 510 shares of the software maker’s stock worth $148,000 after acquiring an additional 360 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in MicroStrategy during the fourth quarter valued at approximately $385,000. Finally, Flagship Harbor Advisors LLC bought a new stake in MicroStrategy in the fourth quarter valued at approximately $454,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Trading Down 5.2 %

Shares of MSTR stock opened at $353.67 on Friday. The company has a fifty day moving average price of $367.79 and a two-hundred day moving average price of $243.47. MicroStrategy Incorporated has a one year low of $44.59 and a one year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the business posted ($8.98) earnings per share.

Insider Transactions at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Canaccord Genuity Group boosted their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Company 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.