MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,067 shares of the software maker’s stock after acquiring an additional 1,216 shares during the period. Wealthcare Advisory Partners LLC’s holdings in MicroStrategy were worth $1,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Armstrong Advisory Group Inc. raised its holdings in shares of MicroStrategy by 258.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 172 shares of the software maker’s stock worth $50,000 after acquiring an additional 124 shares during the last quarter. Smith Anglin Financial LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $508,000. Park Avenue Securities LLC lifted its holdings in MicroStrategy by 22.0% in the 4th quarter. Park Avenue Securities LLC now owns 8,469 shares of the software maker’s stock valued at $2,453,000 after purchasing an additional 1,528 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of MicroStrategy by 94.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,988 shares of the software maker’s stock worth $1,445,000 after purchasing an additional 2,423 shares during the last quarter. Finally, Accurate Wealth Management LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth about $241,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

MSTR opened at $396.50 on Friday. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The company has a 50 day moving average of $363.86 and a two-hundred day moving average of $234.79. The company has a market cap of $95.02 billion, a P/E ratio of -188.18 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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 company had revenue of $116.07 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted ($8.98) earnings per share.

Analyst Ratings Changes

A number of brokerages recently issued reports on MSTR. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Maxim Group raised their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by company insiders.

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.