MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) Trading Up 1.2% – Still a Buy?

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) shares rose 1.2% on Wednesday . The company traded as high as $67.59 and last traded at $66.87. Approximately 64,279 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 169,624 shares. The stock had previously closed at $66.06.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Stock Up 1.2%

The stock’s fifty day moving average price is $73.80 and its two-hundred day moving average price is $78.59.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock

A number of hedge funds and other institutional investors have recently modified their holdings of STRK. EverSource Wealth Advisors LLC bought a new stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the 1st quarter valued at about $104,000. Fiduciary Alliance LLC raised its holdings in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 7.0% during the 4th quarter. Fiduciary Alliance LLC now owns 2,997 shares of the company’s stock valued at $236,000 after buying an additional 197 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 53.8% during the 4th quarter. Captrust Financial Advisors now owns 4,391 shares of the company’s stock valued at $346,000 after buying an additional 1,536 shares during the last quarter.

MicroStrategy Incorporated is a global leader in enterprise analytics and business intelligence software. The company develops and markets a comprehensive analytics platform that enables organizations to visualize and analyze data from multiple sources, build interactive dashboards, and deliver insights through web and mobile applications. Its product suite includes on-premise and cloud-based offerings, designed to support large-scale deployments across a wide range of industries, from financial services and healthcare to retail and manufacturing.

Founded in 1989 by Chairman and co-founder Michael Saylor and co-founder Sanju Bansal, MicroStrategy has grown from a boutique software startup into an established public company.