GSA Capital Partners LLP Acquires Shares of 1,551 MicroStrategy Incorporated (NASDAQ:MSTR)

GSA Capital Partners LLP bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,551 shares of the software maker’s stock, valued at approximately $261,000.

Other large investors also recently modified their holdings of the company. Signaturefd LLC raised its holdings in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the last quarter. Cigna Investments Inc. New lifted its position in MicroStrategy by 5.1% in the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after acquiring an additional 8 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in MicroStrategy by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after purchasing an additional 11 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in MicroStrategy by 0.3% during the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Up 6.2 %

Shares of NASDAQ MSTR opened at $421.88 on Friday. The stock has a market capitalization of $85.49 billion, a PE ratio of -200.23 and a beta of 3.05. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average price is $233.68 and its 200-day moving average price is $176.26.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($8.98) EPS.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent research reports. Benchmark lifted their target price on MicroStrategy from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. TD Cowen lifted their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Sanford C. Bernstein cut their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $331.13.

Insiders Place Their Bets

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,000 shares of company stock worth $23,231,977 in the last ninety days. 13.18% of the stock is currently owned by insiders.

About MicroStrategy

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.