MicroStrategy Incorporated (NASDAQ:MSTR) Holdings Lifted by Abound Wealth Management

Abound Wealth Management raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 66.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005 shares of the software maker’s stock after acquiring an additional 403 shares during the quarter. Abound Wealth Management’s holdings in MicroStrategy were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSTR. National Bank of Canada FI raised its holdings in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter valued at about $254,000. Wellington Management Group LLP grew its stake in shares of MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares in the last quarter. US Bancorp DE raised its position in MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after acquiring an additional 3,773 shares in the last quarter. Finally, Virtu Financial LLC raised its position in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction that occurred 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 sale, the chief accounting officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 over the last three months. Company insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MSTR shares. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group boosted their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Monday, January 6th. Finally, Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

Shares of MicroStrategy stock traded down $8.26 during midday trading on Monday, hitting $319.65. The company had a trading volume of 12,885,437 shares, compared to its average volume of 20,254,098. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00. The business’s 50 day simple moving average is $352.97 and its two-hundred day simple moving average is $227.74. The stock has a market cap of $76.60 billion, a PE ratio of -151.71 and a beta of 3.25. 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during 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 business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter 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.