MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,322 shares of the software maker’s stock after purchasing an additional 202 shares during the period. Ballentine Partners LLC’s holdings in MicroStrategy were worth $962,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MSTR. UMB Bank n.a. lifted its stake in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of 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 acquiring an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new stake in MicroStrategy in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. boosted its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in MicroStrategy by 900.0% in the third 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. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of research reports. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Barclays upped their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $377.31 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The firm has a market capitalization of $90.42 billion, a P/E ratio of -179.07 and a beta of 3.25. The company’s fifty day moving average is $366.62 and its two-hundred day moving average is $240.20.

MicroStrategy (NASDAQ:MSTR) last released 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 return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the prior year, the firm posted ($8.98) EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling

In related news, 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, 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 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 quarter. Company insiders own 9.16% of the company’s stock.

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.