MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp cut its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,325 shares of the software maker’s stock after selling 625 shares during the period. MicroStrategy comprises approximately 5.4% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 3rd biggest holding. MADDEN SECURITIES Corp’s holdings in MicroStrategy were worth $13,417,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in MicroStrategy in the 2nd quarter valued at $553,000. GAMMA Investing LLC increased its position in shares of MicroStrategy by 1,096.7% in the third quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock valued at $61,000 after acquiring an additional 329 shares during the last quarter. CWM LLC increased its position in shares of MicroStrategy by 1,063.3% in the third quarter. CWM LLC now owns 14,379 shares of the software maker’s stock valued at $2,424,000 after acquiring an additional 13,143 shares during the last quarter. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in MicroStrategy during the third quarter valued at approximately $202,000. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of analyst reports. BTIG Research upped their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Maxim Group upped their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,050 shares of company stock worth $16,314,110. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Trading Up 2.2 %

Shares of NASDAQ:MSTR opened at $334.62 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 12-month low of $65.02 and a 12-month high of $543.00. The business has a 50 day moving average of $354.16 and a 200-day moving average of $257.96.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

MicroStrategy Company 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.