Daymark Wealth Partners LLC Makes New $468,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Daymark Wealth Partners LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,616 shares of the software maker’s stock, valued at approximately $468,000.

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

Insider Transactions at MicroStrategy

In related news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 over the last ninety days. 9.16% of the stock is currently owned by insiders.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $373.12 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $367.53 and a 200 day simple moving average of $241.12. MicroStrategy Incorporated has a 12-month low of $44.51 and a 12-month high of $543.00. The company has a market cap of $89.42 billion, a P/E ratio of -177.09 and a beta of 3.25.

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

Analyst Ratings Changes

Several equities analysts recently commented on MSTR shares. TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BTIG Research boosted their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

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.