Nwam LLC Buys 4,711 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Nwam LLC increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 921.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,222 shares of the software maker’s stock after purchasing an additional 4,711 shares during the quarter. Nwam LLC’s holdings in MicroStrategy were worth $880,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC raised its position in 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 purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in MicroStrategy during the third quarter worth $27,000. ST Germain D J Co. Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of MicroStrategy in the 3rd quarter valued at $32,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,000 shares of company stock valued at $23,231,977 over the last ninety days. 13.18% of the stock is owned by company insiders.

MicroStrategy Price Performance

MSTR stock opened at $421.88 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The company has a market capitalization of $85.49 billion, a P/E ratio of -200.23 and a beta of 3.05. The company has a fifty day moving average price of $233.68 and a 200-day moving average price of $176.26.

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

Analysts Set New Price Targets

Several analysts recently weighed in on MSTR shares. Benchmark upped their price objective on MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. TD Cowen increased their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Maxim Group boosted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $331.13.

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.