C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $1.49 Million Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,143 shares of the software maker’s stock after buying an additional 828 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in MicroStrategy were worth $1,490,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC increased its holdings in MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. increased its holdings in MicroStrategy by 1.8% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after purchasing an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. increased its holdings in MicroStrategy by 2.2% during the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after purchasing an additional 67 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $333.99 on Wednesday. The stock’s fifty day moving average price is $347.70 and its two-hundred day moving average price is $265.13. MicroStrategy Incorporated has a 1 year low of $66.43 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last posted its 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 return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Cantor Fitzgerald upped 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. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy 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.