190 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 190 shares of the software maker’s stock, valued at approximately $55,000.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in MicroStrategy in the 3rd quarter valued at $254,000. Wellington Management Group LLP boosted its stake in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 6,104 shares during the period. US Bancorp DE raised its stake in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after purchasing an additional 3,773 shares during the period. Finally, Virtu Financial LLC boosted its position in shares of MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MSTR shares. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Monday. Finally, BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Performance

Shares of MSTR traded down $3.79 during trading hours on Friday, hitting $327.91. The company had a trading volume of 16,335,873 shares, compared to its average volume of 21,170,443. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. The business has a fifty day moving average of $351.01 and a 200-day moving average of $225.30. 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 $78.58 billion, a price-to-earnings ratio of -155.63 and a beta of 3.25.

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

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy 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 transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 in the last 90 days. Company insiders own 13.18% of the company’s stock.

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.