Versant Capital Management Inc Increases Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Versant Capital Management Inc raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141 shares of the software maker’s stock after purchasing an additional 39 shares during the period. Versant Capital Management Inc’s holdings in MicroStrategy were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Savant Capital LLC boosted its position in shares of MicroStrategy by 2.6% during the second quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock valued at $825,000 after buying an additional 15 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of MicroStrategy by 5.0% during the 2nd quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock valued at $431,000 after acquiring an additional 15 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of MicroStrategy in the second quarter worth approximately $106,000. Magnetar Financial LLC raised its holdings in shares of MicroStrategy by 31.6% during the second quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock valued at $464,000 after purchasing an additional 81 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in MicroStrategy by 10.9% during 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. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSTR. Barclays lifted their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, BTIG Research increased their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research 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 price target of $479.25.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm’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 of the company’s stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last three months. 13.18% of the stock is owned by company insiders.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $379.09 on Tuesday. The stock has a market cap of $90.85 billion, a PE ratio of -179.92 and a beta of 3.25. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00. The firm has a fifty day moving average price of $345.91 and a 200-day moving average price of $222.45. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly 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). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($8.98) earnings per share.

MicroStrategy 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.