Mill Creek Capital Advisors LLC Grows Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Mill Creek Capital Advisors LLC grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,655 shares of the software maker’s stock after acquiring an additional 265 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in MicroStrategy were worth $479,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MSTR. UMB Bank n.a. grew its holdings in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new position in MicroStrategy in the 3rd quarter worth about $27,000. Sunbelt Securities Inc. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In related news, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is owned by insiders.

MicroStrategy Price Performance

Shares of MSTR stock opened at $334.62 on Tuesday. The firm’s 50 day moving average price is $354.16 and its 200-day moving average price is $257.96. 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 one year low of $65.02 and a one year high of $543.00.

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

Wall Street Analysts Forecast Growth

MSTR has been the subject of several research analyst reports. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday. They set an “outperform” rating and a $560.00 price objective for the company. Canaccord Genuity Group lowered their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

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.