Drive Wealth Management LLC Makes New $314,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Drive Wealth Management LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, Holdings Channel.com reports. The fund purchased 1,083 shares of the software maker’s stock, valued at approximately $314,000.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after acquiring an additional 567,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after acquiring an additional 579,994 shares during the last quarter. Swiss National Bank raised its stake in shares of MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after acquiring an additional 314,007 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

MicroStrategy Price Performance

Shares of MSTR opened at $347.92 on Tuesday. The company has a market capitalization of $83.38 billion, a P/E ratio of -165.12 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. The firm has a 50 day moving average of $367.05 and a 200 day moving average of $245.76. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results 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 firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned ($8.98) EPS.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last 90 days. Corporate insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MSTR shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research increased their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, TD Cowen increased 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. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

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.