1,232 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Quest Partners LLC

Quest Partners LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,232 shares of the software maker’s stock, valued at approximately $208,000.

A number of other large investors also recently bought and sold shares of MSTR. UMB Bank n.a. raised its holdings 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 acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy during the third quarter valued at approximately $27,000. ST Germain D J Co. Inc. raised its holdings 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 valued at $29,000 after acquiring an additional 153 shares during the last quarter. Finally, Fairman Group LLC raised its holdings in shares of MicroStrategy by 900.0% during the third quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction 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 $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,000 shares of company stock worth $32,259,177. Company insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSTR. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark increased their target price on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report on Monday. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday. Barclays increased their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. Finally, BTIG Research increased 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. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Up 9.9 %

Shares of MicroStrategy stock opened at $388.84 on Thursday. The firm has a market capitalization of $78.79 billion, a price-to-earnings ratio of -183.44 and a beta of 3.05. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. 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 stock has a 50 day moving average of $243.51 and a 200 day moving average of $180.24.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to analysts’ expectations 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 revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($8.98) earnings per share.

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.