852 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Mutual Advisors LLC

Mutual Advisors LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 852 shares of the software maker’s stock, valued at approximately $247,000.

A number of other large investors have also recently modified their holdings of MSTR. Versant Capital Management Inc boosted its stake in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after acquiring an additional 65 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in MicroStrategy during the second quarter valued at $106,000. Harbor Investment Advisory LLC boosted its position in MicroStrategy by 14.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after purchasing an additional 85 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in shares of MicroStrategy by 10.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock valued at $1,222,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Down 3.5 %

NASDAQ MSTR opened at $335.86 on Wednesday. The stock has a market cap of $80.49 billion, a PE ratio of -159.40 and a beta of 3.25. The business has a 50 day moving average price of $365.16 and a two-hundred day moving average price of $247.14. MicroStrategy Incorporated has a fifty-two week low of $46.75 and a fifty-two week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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

Insiders Place Their Bets

In related news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 over the last quarter. Insiders own 9.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Company 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.