MicroStrategy Incorporated (NASDAQ:MSTR) Stock Holdings Lessened by Spire Wealth Management

Spire Wealth Management reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,184 shares of the software maker’s stock after selling 2,946 shares during the quarter. Spire Wealth Management’s holdings in MicroStrategy were worth $3,818,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in shares of MicroStrategy by 16.9% during the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after buying an additional 97 shares during the period. Thrivent Financial for Lutherans increased its position in MicroStrategy by 141.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after purchasing an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of MicroStrategy by 144.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock worth $252,000 after purchasing an additional 108 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of MicroStrategy by 19.8% during the 2nd quarter. Cetera Investment Advisers now owns 6,256 shares of the software maker’s stock valued at $8,618,000 after buying an additional 1,034 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of MicroStrategy in the 2nd quarter valued at approximately $553,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Benchmark restated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Trading Down 1.6 %

Shares of MicroStrategy stock opened at $334.79 on Monday. The company has a market cap of $80.23 billion, a price-to-earnings ratio of -158.89 and a beta of 3.25. MicroStrategy Incorporated has a 1 year low of $46.75 and a 1 year high of $543.00. The company’s fifty day simple moving average is $359.82 and its 200-day simple moving average is $250.87. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction dated 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 $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 in the last ninety days. Insiders own 9.16% of the company’s stock.

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.