MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 115.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,284 shares of the software maker’s stock after purchasing an additional 3,900 shares during the period. Waldron Private Wealth LLC’s holdings in MicroStrategy were worth $2,110,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the last quarter. Masso Torrence Wealth Management Inc. raised its position in shares of MicroStrategy by 1.8% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after buying an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after buying an additional 65 shares during the period. FSC Wealth Advisors LLC boosted its position in MicroStrategy by 61.5% during the fourth quarter. FSC Wealth Advisors LLC now owns 210 shares of the software maker’s stock worth $61,000 after acquiring an additional 80 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in MicroStrategy by 14.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSTR. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Barclays increased their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday. They set an “outperform” rating and a $515.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $483.22.

Insider Buying and Selling

In other news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $14,479,312.50. Following the transaction, the chief accounting officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $334.79 on Friday. The company has a 50 day moving average of $359.82 and a two-hundred day moving average of $249.65. MicroStrategy Incorporated has a 52-week low of $46.75 and a 52-week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last released 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 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 business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm earned ($8.98) EPS.

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.