Enlightenment Research LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Enlightenment Research LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 400 shares of the software maker’s stock, valued at approximately $272,000.

A number of other institutional investors have also recently made changes to their positions in the business. Grandview Asset Management LLC purchased a new stake in MicroStrategy in the 1st quarter worth approximately $25,000. Veriti Management LLC purchased a new position in MicroStrategy during the 4th quarter valued at $27,000. Total Clarity Wealth Management Inc. bought a new stake in shares of MicroStrategy during the 1st quarter valued at about $27,000. Parallel Advisors LLC lifted its holdings in MicroStrategy by 102.7% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the software maker’s stock worth $29,000 after buying an additional 38 shares during the period. Finally, IFP Advisors Inc bought a new stake in shares of MicroStrategy during the first quarter valued at approximately $31,000. 57.57% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on MSTR. Zacks Investment Research cut shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 5th. Canaccord Genuity initiated coverage on shares of MicroStrategy in a report on Thursday, April 15th. They issued a “buy” rating and a $920.00 price objective on the stock. Jefferies Financial Group lowered their target price on shares of MicroStrategy from $700.00 to $540.00 and set a “hold” rating for the company in a report on Tuesday, May 18th. They noted that the move was a valuation call. BTIG Research began coverage on MicroStrategy in a research note on Thursday, April 1st. They issued a “buy” rating on the stock. Finally, William Blair started coverage on MicroStrategy in a research note on Tuesday, May 4th. They set an “outperform” rating for the company. Four analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. MicroStrategy has an average rating of “Hold” and an average price target of $439.25.

Shares of NASDAQ MSTR opened at $508.65 on Friday. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of -41.49 and a beta of 1.42. MicroStrategy Incorporated has a twelve month low of $113.55 and a twelve month high of $1,315.00. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $586.27.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, April 29th. The software maker reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $1.73. MicroStrategy had a positive return on equity of 11.13% and a negative net margin of 24.01%. The firm had revenue of $122.90 million during the quarter, compared to analysts’ expectations of $104.80 million. Equities research analysts predict that MicroStrategy Incorporated will post 4.07 earnings per share for the current year.

In other MicroStrategy news, CFO Phong Le sold 10,000 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $775.86, for a total transaction of $7,758,600.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $7,758,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 25.85% of the stock is currently owned by insiders.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy 2021, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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