GAMMA Investing LLC Raises Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

GAMMA Investing LLC increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 56.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 562 shares of the software maker’s stock after acquiring an additional 203 shares during the period. GAMMA Investing LLC’s holdings in MicroStrategy were worth $163,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC lifted its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in MicroStrategy in the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. grew its stake in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its position in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after acquiring an additional 153 shares during the period. Institutional investors own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last quarter. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Performance

MSTR stock opened at $331.70 on Thursday. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The firm has a market cap of $79.49 billion, a price-to-earnings ratio of -157.43 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day simple moving average of $349.26 and a two-hundred day simple moving average of $224.56.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MSTR shares. BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Monday. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Barclays raised their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

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.