Claro Advisors LLC Acquires 4,550 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Claro Advisors LLC increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 892.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,060 shares of the software maker’s stock after acquiring an additional 4,550 shares during the quarter. Claro Advisors LLC’s holdings in MicroStrategy were worth $853,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after buying an additional 401,071 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after buying an additional 314,007 shares during the last quarter. International Assets Investment Management LLC increased its position in MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock worth $40,223,000 after buying an additional 238,463 shares during the last quarter. Capital International Investors increased its position in MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after buying an additional 232,667 shares during the last quarter. Finally, National Pension Service increased its position in MicroStrategy by 900.0% in the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after buying an additional 220,500 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. The trade was a 79.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,954 shares of company stock worth $30,553,037 over the last ninety days. 13.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSTR. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Benchmark raised their target price on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays lifted their price target on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. BTIG Research lifted their price target on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Maxim Group lifted their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $271.13.

MicroStrategy Price Performance

MicroStrategy stock opened at $340.65 on Monday. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $383.40. The business has a 50-day simple moving average of $204.83 and a 200 day simple moving average of $166.15. 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 stock has a market cap of $69.03 billion, a price-to-earnings ratio of -161.45 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the firm earned ($8.98) earnings per share. MicroStrategy’s quarterly revenue was down 10.3% compared to the same quarter last year.

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.