Altiora Financial Group LLC Buys New Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Altiora Financial Group LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 201 shares of the software maker’s stock, valued at approximately $343,000.

Other large investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in shares of MicroStrategy during the 1st quarter worth approximately $839,000. CAP Partners LLC bought a new stake in MicroStrategy during the first quarter worth $863,000. Synergy Asset Management LLC purchased a new position in MicroStrategy in the first quarter worth $1,297,000. Panoramic Investment Advisors LLC bought a new position in MicroStrategy in the 1st quarter valued at $211,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of MicroStrategy during the 1st quarter valued at $58,000. 72.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a report on Monday, June 24th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Maxim Group upgraded MicroStrategy to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, TD Cowen raised their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2,017.67.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 688 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $1,657.49, for a total value of $1,140,353.12. Following the completion of the transaction, the chairman now directly owns 688 shares in the company, valued at $1,140,353.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 30,856 shares of company stock valued at $42,901,781 in the last quarter. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Performance

MicroStrategy stock traded down $18.10 during mid-day trading on Wednesday, reaching $1,302.09. The company’s stock had a trading volume of 655,446 shares, compared to its average volume of 1,844,520. The firm’s fifty day moving average price is $1,447.35 and its two-hundred day moving average price is $1,139.90. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. MicroStrategy Incorporated has a 12-month low of $307.11 and a 12-month high of $1,999.99. The company has a market capitalization of $23.10 billion, a P/E ratio of -196.42 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. The company had revenue of $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

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.