Sunbelt Securities Inc. Purchases 144 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Sunbelt Securities Inc. lifted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 900.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160 shares of the software maker’s stock after acquiring an additional 144 shares during the period. Sunbelt Securities Inc.’s holdings in MicroStrategy were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC grew its stake in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy during the 2nd quarter valued at $106,000. Larson Financial Group LLC boosted its stake in MicroStrategy by 72.3% during the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock worth $112,000 after acquiring an additional 34 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in MicroStrategy in the second quarter worth $138,000. Finally, Semmax Financial Advisors Inc. increased its stake in MicroStrategy by 900.0% in the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock valued at $138,000 after purchasing an additional 90 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSTR shares. BTIG Research increased their price objective 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. Benchmark increased their price target on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group boosted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Barclays lifted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 in the last 90 days. Insiders own 13.18% of the company’s stock.

MicroStrategy Price Performance

MSTR opened at $408.67 on Monday. The firm’s fifty day moving average price is $303.61 and its two-hundred day moving average price is $201.58. The company has a market capitalization of $82.81 billion, a price-to-earnings ratio of -193.96 and a beta of 3.17. 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 Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results 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 firm had revenue of $116.07 million for 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 firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($8.98) earnings per share.

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.