MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 65.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,317 shares of the software maker’s stock after purchasing an additional 2,507 shares during the quarter. Kingsview Wealth Management LLC’s holdings in MicroStrategy were worth $1,830,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSTR. Sanctuary Advisors LLC purchased a new position in MicroStrategy during the 2nd quarter worth approximately $553,000. GAMMA Investing LLC grew its position in shares of MicroStrategy by 1,096.7% during the third quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock worth $61,000 after acquiring an additional 329 shares during the last quarter. CWM LLC grew its position in shares of MicroStrategy by 1,063.3% during the third quarter. CWM LLC now owns 14,379 shares of the software maker’s stock worth $2,424,000 after acquiring an additional 13,143 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in MicroStrategy in the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Trading Up 2.2 %

NASDAQ:MSTR opened at $334.62 on Tuesday. MicroStrategy Incorporated has a 1 year low of $65.02 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a fifty day moving average price of $354.16 and a two-hundred day moving average price of $257.96. The stock has a market capitalization of $80.19 billion, a price-to-earnings ratio of -59.40 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phong Le sold 1,252 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 transaction of $403,707.40. Following 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 disclosure for this sale can be found here. Over the last three months, insiders sold 40,050 shares of company stock valued at $16,314,110. Corporate insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSTR. Maxim Group raised their price objective 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. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

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.