Harbour Investments Inc. Purchases 7,155 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Harbour Investments Inc. increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,067.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,825 shares of the software maker’s stock after buying an additional 7,155 shares during the period. Harbour Investments Inc.’s holdings in MicroStrategy were worth $1,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MSTR. UMB Bank n.a. boosted 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 valued at $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in MicroStrategy by 2,900.0% in the 3rd 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 period. Capital Performance Advisors LLP bought a new stake in MicroStrategy in the 3rd quarter valued at $27,000. ST Germain D J Co. Inc. boosted its holdings 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 purchasing an additional 153 shares during the period. Finally, Fairman Group LLC boosted its holdings in MicroStrategy by 900.0% in the 3rd quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after purchasing an additional 180 shares during the period. 72.03% of the stock is owned by institutional investors.

MicroStrategy Stock Down 0.2 %

Shares of NASDAQ:MSTR opened at $327.67 on Friday. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $383.40. The company’s 50-day moving average price is $200.30 and its two-hundred day moving average price is $163.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $66.40 billion, a P/E ratio of -155.51 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its 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 business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the business posted ($8.98) EPS.

Insider Activity

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. This trade represents a 79.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,950 shares of company stock valued at $23,282,668. 13.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Benchmark increased their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen increased their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein dropped their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

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.