Family Capital Management Inc. Makes New $330,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Family Capital Management Inc. bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 522 shares of the software maker’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSTR. Vanguard Group Inc. raised its stake in MicroStrategy by 10.1% in the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares in the last quarter. Capital World Investors lifted its stake in shares of MicroStrategy by 5.9% during the 1st quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock worth $302,949,000 after purchasing an additional 34,945 shares during the last quarter. First Trust Advisors LP boosted its position in MicroStrategy by 31.9% during the first quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock valued at $110,297,000 after purchasing an additional 54,911 shares in the last quarter. Geode Capital Management LLC grew its stake in MicroStrategy by 7.1% in the first quarter. Geode Capital Management LLC now owns 189,923 shares of the software maker’s stock valued at $55,518,000 after purchasing an additional 12,613 shares during the last quarter. Finally, Northern Trust Corp grew its stake in MicroStrategy by 2.1% in the third quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after purchasing an additional 2,248 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded up $20.11 during midday trading on Thursday, reaching $1,208.16. The company had a trading volume of 1,758,633 shares, compared to its average volume of 2,217,084. MicroStrategy Incorporated has a 1 year low of $266.00 and a 1 year high of $1,999.99. The business’s 50-day simple moving average is $1,271.04 and its 200 day simple moving average is $764.56. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01. The stock has a market cap of $20.50 billion, a P/E ratio of 44.56 and a beta of 2.89.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BTIG Research raised their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. TD Cowen decreased their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark upped their price target on MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,473.00.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 10,000 shares of the company’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 sale, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other MicroStrategy news, CFO Andrew Kang sold 3,750 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the completion of the transaction, the chief financial officer now owns 873 shares in the company, valued at approximately $759,780.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were 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 directly owns 595 shares of the company’s stock, valued at approximately $512,437.80. The disclosure for this sale can be found here. Insiders sold a total of 119,251 shares of company stock worth $113,311,032 over the last three months. 20.79% of the stock is currently owned by insiders.

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.