Darden Wealth Group Inc Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Darden Wealth Group Inc purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 850 shares of the software maker’s stock, valued at approximately $246,000.

Several other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after buying an additional 77 shares during the period. Riverview Trust Co purchased a new stake in shares of MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the fourth quarter worth approximately $25,000. Parkside Financial Bank & Trust raised its holdings in shares of MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Aspect Partners LLC purchased a new position in shares of MicroStrategy in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. Monness Crespi & Hardt downgraded shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $508.09.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $293.61 on Friday. The firm has a market cap of $75.56 billion, a P/E ratio of -52.12 and a beta of 3.36. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $305.50 and a 200 day simple moving average of $300.59.

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

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.