RPg Family Wealth Advisory LLC Acquires Shares of 200 MicroStrategy Incorporated (NASDAQ:MSTR)

RPg Family Wealth Advisory LLC bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 200 shares of the software maker’s stock, valued at approximately $34,000.

Other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in MicroStrategy by 19.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,374 shares of the software maker’s stock valued at $2,343,000 after purchasing an additional 225 shares during the period. California State Teachers Retirement System lifted its holdings in shares of MicroStrategy by 15.7% during the 1st quarter. California State Teachers Retirement System now owns 14,841 shares of the software maker’s stock valued at $25,297,000 after buying an additional 2,015 shares during the period. Cetera Investment Advisers purchased a new position in shares of MicroStrategy in the 1st quarter worth $8,901,000. Teachers Retirement System of The State of Kentucky purchased a new stake in MicroStrategy during the first quarter valued at $1,106,000. Finally, Tactive Advisors LLC bought a new position in MicroStrategy in the first quarter valued at about $917,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on MSTR shares. Benchmark upped their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein lifted their price target on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Finally, TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

Insider Activity

In other news, Director Stephen X. Graham sold 20,000 shares of the firm’s 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 completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the company’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 $242,482.40. Following the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by insiders.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $388.84 on Thursday. The firm has a fifty day simple moving average of $243.51 and a two-hundred day simple moving average of $180.24. 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 capitalization of $78.79 billion, a P/E ratio of -184.55 and a beta of 3.05. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00.

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

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.