Wedbush Securities Inc. Raises Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Wedbush Securities Inc. lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,673 shares of the software maker’s stock after buying an additional 928 shares during the period. Wedbush Securities Inc.’s holdings in MicroStrategy were worth $2,512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. Norges Bank bought a new position in shares of MicroStrategy during the fourth quarter valued at $523,981,000. Amundi boosted its position in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after buying an additional 413,028 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of MicroStrategy during the fourth quarter valued at $81,783,000. Finally, Virtu Financial LLC raised its position in MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leslie J. Rechan sold 15,000 shares of the company’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 completion of the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of MicroStrategy stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

MicroStrategy Trading Up 4.0 %

Shares of NASDAQ:MSTR opened at $293.61 on Friday. The stock has a 50 day moving average of $305.50 and a 200 day moving average of $300.59. The company has a market cap of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. 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 analysts have recently issued reports on MSTR shares. Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $508.09.

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.