Family Capital Management Inc. Purchases New Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Family Capital Management Inc. acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 522 shares of the software maker’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MSTR. Kingsview Wealth Management LLC lifted its stake in MicroStrategy by 4.5% in the third quarter. Kingsview Wealth Management LLC now owns 908 shares of the software maker’s stock valued at $298,000 after purchasing an additional 39 shares during the last quarter. MTM Investment Management LLC grew its stake in shares of MicroStrategy by 4.2% during the 4th quarter. MTM Investment Management LLC now owns 1,027 shares of the software maker’s stock worth $649,000 after acquiring an additional 41 shares during the period. IFP Advisors Inc increased its holdings in MicroStrategy by 2.9% in the 3rd quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock worth $497,000 after acquiring an additional 42 shares during the last quarter. Arizona State Retirement System raised its stake in MicroStrategy by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 3,130 shares of the software maker’s stock valued at $1,028,000 after acquiring an additional 47 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in MicroStrategy by 1.1% during the third quarter. New York State Common Retirement Fund now owns 4,755 shares of the software maker’s stock valued at $1,561,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the sale, the chief executive officer now owns 595 shares of the company’s stock, valued at approximately $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares in the company, valued at approximately $512,437.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $453.35, for a total value of $2,266,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,251 shares of company stock worth $113,311,032. 20.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MSTR shares. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Benchmark increased their price objective on MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a report on Thursday, March 28th. BTIG Research increased their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen dropped their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

MicroStrategy Trading Up 1.7 %

NASDAQ:MSTR traded up $20.11 during mid-day trading on Thursday, reaching $1,208.16. 1,758,633 shares of the company’s stock traded hands, compared to its average volume of 2,217,084. The company has a 50 day moving average price of $1,271.04 and a 200-day moving average price of $764.56. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 44.56 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The company had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million.

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.