MicroStrategy Incorporated (NASDAQ:MSTR) Holdings Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,024 shares of the software maker’s stock after selling 9,981 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MicroStrategy were worth $7,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its position in shares of MicroStrategy by 16.9% in the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after purchasing an additional 97 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of MicroStrategy by 141.8% in the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after buying an additional 200 shares during the period. AQR Capital Management LLC boosted its holdings in shares of MicroStrategy by 59.4% in the second quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock worth $6,199,000 after buying an additional 1,677 shares during the period. Mackenzie Financial Corp increased its position in shares of MicroStrategy by 88.6% in the second quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker’s stock worth $2,349,000 after acquiring an additional 801 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of MicroStrategy by 51.8% in the 2nd quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock valued at $2,397,000 after acquiring an additional 594 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

Shares of MSTR opened at $335.86 on Wednesday. The firm has a market cap of $80.49 billion, a price-to-earnings ratio of -159.40 and a beta of 3.25. The company’s fifty day moving average is $365.16 and its 200-day moving average is $247.14. 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 Incorporated has a 12 month low of $46.75 and a 12 month high of $543.00.

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

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

Insider Activity

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,000 shares of company stock valued at $32,259,177. Insiders own 9.16% of the company’s stock.

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.