Orion Portfolio Solutions LLC Boosts Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Orion Portfolio Solutions LLC lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 260.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,291 shares of the software maker’s stock after buying an additional 13,938 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in MicroStrategy were worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MSTR. Pictet Asset Management Holding SA grew its holdings in shares of MicroStrategy by 15.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 68,946 shares of the software maker’s stock worth $19,968,000 after acquiring an additional 9,437 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in MicroStrategy by 32.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,586 shares of the software maker’s stock worth $16,388,000 after purchasing an additional 13,926 shares during the period. X Square Capital LLC raised its holdings in MicroStrategy by 11.5% in the fourth quarter. X Square Capital LLC now owns 13,605 shares of the software maker’s stock worth $3,940,000 after purchasing an additional 1,405 shares in the last quarter. Norges Bank purchased a new position in MicroStrategy during the fourth quarter valued at $523,981,000. Finally, Blair William & Co. IL boosted its holdings in shares of MicroStrategy by 20.0% during the 4th quarter. Blair William & Co. IL now owns 15,158 shares of the software maker’s stock valued at $4,390,000 after buying an additional 2,523 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MSTR shares. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Down 10.8 %

MSTR opened at $289.41 on Friday. The stock has a market capitalization of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. The firm has a 50 day moving average price of $313.64 and a 200-day moving average price of $294.89. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Insider Buying and Selling at MicroStrategy

In related news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

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.